3iQ's UAE sister company receives in-principal approval for Category 4 license from Abu Dhabi's ADGM

3iQ Middle East Ltd, the UAE-based sister company of Toronto's 3iQ Corp., has received In-Principal Approval for a Category 4 license from the Financial Services Authority of Abu Dhabi's ADGM. The company said the approval follows its strategic partnership with UAE-based digital asset investment manager Further, which gives institutional investors access to 3iQ's Managed Account Platform, a platform that attracted $100 million in sovereign-linked seed capital. 3iQ said the approval supports its aim of being regulated in major digital asset hubs. CEO Pascal St-Jean and Middle East head Rachel Pether commented, and ADGM's Arvind Ramamurthy welcomed the milestone.

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