Animoca Brands has received final approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi to manage investment funds. The regulator granted a Financial Services Permission to the company’s subsidiary, Animoca Asset Management (AD) Limited, allowing it to operate collective investment funds within the Abu Dhabi Global Market (ADGM).
This authorization follows an in-principle approval granted in November 2025, which came with conditions that prevented the company from running funds until final permission was secured. The move establishes Animoca’s second regulated presence in the UAE this year, complementing a license obtained from Dubai’s Virtual Assets Regulatory Authority (VARA) in February 2026.
Key facts
- The FSRA granted the Financial Services Permission to Animoca Asset Management (AD) Limited on Monday.
- In-principle approval was initially issued in November 2025 with conditions attached.
- The permission allows the management of collective investment funds in or from the ADGM.
- Animoca previously obtained a VARA license in Dubai in February 2026 for broker-dealer and management services.
- The ADGM currently holds 423 active licenses, compared to 4,176 at the Dubai Financial Services Authority.
- Minh Do, senior executive officer at Animoca, described the permission as a milestone for Middle East operations.
Why it matters
Arvind Ramamurthy, chief market development officer at ADGM, stated that Animoca’s entry into fund management strengthens the connections between institutional capital and digital assets in the free zone.