Animoca Brands has secured in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority. Final approval would allow the company to manage collective investment funds directly from the financial free zone, strengthening its position as a key Web3 player in the Middle East.
The firm already maintains offices in Dubai and has pushed to make the UAE a core market for Web3 expansion. The new approval supports its broader strategy to create compliant pathways for global institutions seeking exposure to digital assets.
The company manages a portfolio of more than 600 Web3 investments, making it one of the sector’s most active backers. Its growing presence in the Gulf aligns with the region’s push to build a regulated environment for blockchain businesses.