Recently, Klickl announced that it has won the final operating license of the Financial Services License (FSP) issued by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market. This license allows Klickl to operate crypto asset custody and brokerage business in compliance with regulations. In addition, Klickl has also obtained approval from the Central Bank of the United Arab Emirates for its customer funds account for crypto asset business. As a result, Klickl has also become the first Web3.0 financial platform in the Middle East to effectively integrate traditional finance with the crypto world, and can effectively respond to various challenges faced in the field of crypto assets.
Based in Abu Dhabi, Klickl is a leading financial infrastructure provider in the Middle East and North Africa. Combining the open regulatory environment and active market economy in the Middle East, Klickl has continuously improved its business model and effectively promoted the integration of traditional financial markets and the digital economy. Klickl has laid a solid foundation for the access of hundreds of millions of users to the Web3.0 ecosystem in the future and created a smoother access channel.
Klickl CEO Michael Zhao shared his vision: “FSRA’s issuance of an FSP license to Klickl is not only a regulatory milestone, it also validates Klickl’s vision of seamlessly linking traditional finance with cryptocurrencies. Abu Dhabi is known for its financial innovation Known for being a pioneer, Klickl’s deep roots in Abu Dhabi enable us to develop solutions that are forward-thinking and meet the diverse needs of today’s global investors.”
Michael Zhao added: “We are grateful for the steadfast support of Abu Dhabi Global Market and FSRA. Their forward-looking regulatory policies are crucial to our pursuit of redefining financial infrastructure. As the industry develops, Klickl will continue to explore new areas and provide an accessible, highly secure and efficient platform for thousands of users to connect to the digital economy. At the same time, we also hope to contribute to the emerging Abu Dhabi’s promotion to a world-class digital asset financial center.”
With the acquisition of these compliance licenses, Klickl will expand its business and provide robust, secure and regulatory-compliant financial services to further meet the needs of today's dynamic financial environment and future digital prospects.