Animoca Brands Secures Abu Dhabi Approval for Web3 Expansion

Animoca Brands received in-principle approval to operate as a regulated fund manager in Abu Dhabi, advancing its blockchain and Web3 expansion in the Middle East and signaling growing institutional acceptance of digital assets in the region.

Animoca Brands has secured in-principle approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market to operate as a regulated fund manager in Abu Dhabi. This provisional approval allows the company to move toward full authorization to manage collective investment funds and expand its blockchain gaming, NFT, and Web3 operations in the Middle East. The approval is seen as a significant milestone for both Animoca Brands and the region’s digital asset sector, reflecting growing institutional acceptance of blockchain technology. The company’s strategy includes supporting Web3 activity, strengthening institutional capabilities, and building regulated pathways for digital asset participation. The move is expected to boost investor confidence, create jobs, transfer knowledge to local businesses, and attract foreign investment, while also diversifying the local economy. However, Animoca Brands must still meet regulatory, compliance, and operational requirements before obtaining a full license. The company’s expansion in Abu Dhabi highlights the UAE’s emergence as a hub for digital asset innovation and its commitment to fostering a trusted, transparent, and well-regulated environment for digital assets.