🚀 Zodia Markets, backed by Standard Chartered Ventures, has received approval in principle to operate as an OTC crypto broker-dealer in Abu Dhabi! The approval was granted by the Abu Dhabi Global Market (ADGM), which aims to attract crypto-related businesses.

Key points:

- ADGM has a bespoke licensing regime for virtual asset service providers

- Abu Dhabi launched a $2 billion initiative to support Web3 projects in February

- Zodia Markets chose Abu Dhabi for strategic expansion, providing access to crypto for institutional investors in the Middle East and Africa

What do you think about Abu Dhabi's efforts to become a crypto hub? Share your thoughts in the comments below! 👇