After Singapore, Paxos received approvals to issue stablecoins in the Abu Dhabi Global Market (ADGM).
What Happened The regulated blockchain and tokenization infrastructure platform was granted in-principle approvals (IPAs) by the Financial Services Regulatory Authority (FSRA) in the ADGM.
It has secured the necessary Financial Services Permissions to issue USD and other currency-backed stablecoins and offer crypto-brokerage and custody services from two regulated ADGM entities.
“Our IPAs from the FSRA, on the heels of our IPA from the Monetary Authority of Singapore, solidify our commitment to pursuing international growth through regulated frameworks. Paxos is unique in the industry for…
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