Sunday 14 July 2024 Abu Dhabi UAE
Prayer Timing
Today's Edition
Today's Edition
Business

Abu Dhabi: ADGM grants FSP to Klickl to enhance Web3.0 offerings globally for SMEs

Abu Dhabi: ADGM grants FSP to Klickl to enhance Web3.0 offerings globally for SMEs
23 May 2024 15:12

ABU DHABI (WAM)


Klickl announced its recent acquisition of a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This milestone not only enhances Klickl's ability to offer both custody and brokerage services for virtual assets as a principal or agent but also marks a significant step in its strategy to bridge regional expertise with global Web 3.0 market demands.

Since its inception, Klickl has emerged as a leader in Web 3.0 financial services within the Middle East, committed to global standards and the growth of a sustainable cryptocurrency ecosystem. With this new permission, Klickl is set to expand its innovative financial solutions, particularly through its Digibox products as DeFin (Decentralised Financial Infrastructure Network), to small and medium-sized enterprises (SMEs) globally, providing them with unparalleled competitive advantages in the evolving Web3.0 landscape.

Michael Zhao, CEO of Klickl, stated, "We are grateful for the FSRA's endorsement, which propels us forward in our mission to reshape financial infrastructures worldwide.

"Klickl is eager to develop further innovative products and services within the regulatory framework, creating a seamless bridge between digital and traditional financial sectors. Our goal is to provide universal access to the cryptocurrency world, supporting not only Abu Dhabi’s ambition to become a premier global digital asset financial hub but also empowering SMEs worldwide with cutting-edge financial tools."

Copyrights reserved to Aletihad News Center © 2024