ADGM, the asset management and financial services hub in the Mena region, has also awarded licences to five digital asset exchanges and approved in principle five more permits for exchanges.
The companies bring expertise in blockchain and asset trading, including tokenisation and securitisation, which will allow more liquidity to flow into the market, he said.
Despite the pandemic that has tipped the global economy into the deepest recession since the 1930s, the number of companies applying for licences at ADGM has grown in 2020.
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