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
Gold Fields said to express interest in buying Northern Star
Union at BHP’s Escondida mine in Chile refuses to pause contract talks after fatal accident
SUI rises above 1.2 USDT
Crypto prices
More
