🚀 Stay Ahead with AltcoinDaily.co! 🌐 Global investment giant BlackRock has been granted a commercial license to operate in Abu Dhabi, signaling its deepening interest in the region’s rapidly evolving financial ecosystem. Announced on November 18, this approval aligns with BlackRock’s strategy to tap into Abu Dhabi’s growing prominence as a global financial hub. According…
Amid the $10 trillion asset manager’s recent foray into the cryptocurrency sector, BlackRock has officially received a license to operate in the crypto-friendly Abu Dhabi. Specifically, the firm has obtained a commercial license to operate in the capital of the United Arab Emirates (UAE), according to Bloomberg. The approval was granted Monday and reportedly reflects…
Two Abu Dhabi firms, Realize and Neovision Wealth Management, have launched a fund that tokenizes U.S. Treasury bill exchange-traded funds. The fund aims to attract investors from the Gulf, Europe, and Southeast Asia. Southeast Asia Investors to Dominate Fund Abu Dhabi firms Realize and Neovision Wealth Management have unveiled an investment fund that acquires units…
Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices, support AI projects for societal goals, and strengthen the relationship between Microsoft and the UAE. G42’s partnership…
Ripple renews its $1 million partnership with NYU Abu Dhabi to boost blockchain research and innovation in the UAE. Ripple’s strategic collaborations, including UBRI, help advance blockchain technology and digital finance globally. Ripple has renewed its strategic partnership with NYU Abu Dhabi through the University Blockchain Research Initiative (UBRI). This renewal demonstrates Ripple’s continuous commitment…
Abu Dhabi is advancing the regulation of fiat-referenced tokens (FRTs) with a new framework. Public feedback for the proposal is invited until October 3 after which, FSRA will finalize. Abu Dhabi is taking significant steps towards regulating fiat-referenced tokens (FRTs), a specific type of stablecoin. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi…