🚀 BlackRock, the global investment giant and issuer of the iShares Bitcoin Trust ETF, has secured a commercial license to operate in Abu Dhabi, UAE. While the crypto-friendly region is buzzing, BlackRock's focus is on AI infrastructure rather than digital assets.
- The move aligns with Abu Dhabi's AI ambitions, with Microsoft investing $1.6 billion in local AI initiatives.
- BlackRock's Middle East head, Charles Hatami, praised Abu Dhabi's strategic location and proactive government.
With the UAE ranking high in crypto adoption, BlackRock's entry adds more excitement to the region's digital finance landscape!