3iQ received preliminary approval for a Class 4 license from Abu Dhabi ADGM

According to PRNewswire, 3iQ's UAE entity 3iQ Middle East Ltd has obtained in-principle approval for a Category 4 license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking an important step in establishing regulated operations locally.

3iQ stated that this approval is part of its strategy to expand its regulatory footprint in major global digital asset markets. Previously, 3iQ had formed a strategic partnership with the UAE digital asset investment management company Further and provided institutional investors with digital asset investment channels through the 3iQ Managed Account Platform (QMAP), which has attracted $100 million in sovereign capital-related seed funding.