BlackRock has obtained a commercial license to operate in Abu Dhabi, focusing on AI and private markets
According to Cointelegraph, multinational investment firm and spot Bitcoin ETF issuer BlackRock has obtained a business license to operate in Abu Dhabi, the capital of the United Arab Emirates.
The UAE is a popular cryptocurrency hub, but the report did not mention digital assets. Bloomberg commented that this license reflects BlackRock's interest in expanding into crypto-friendly regions.
Charles Hatami, head of BlackRock in the Middle East, said in a statement that the company will focus on private markets and artificial intelligence infrastructure. In addition, the company is also seeking an operating license at Abu Dhabi Global Market (ADGM).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The market value of SOL has reached a historic high, currently about 116 billion US dollars
The transfer function of MORPHO tokens will be enabled on November 21st
Shiba Inu Marketing Director: Over 45,000 businesses worldwide accept SHIB payments
Trending news
MoreCrypto prices
More
