QCP Group Secures Full License to Offer Digital Asset Services in Abu Dhabi

According to Abu Dhabi Global Market’s Financial Services Regulatory Authority, QCP Group has received authorization to expand services in the Middle East, strengthening its institutional-focused crypto trading capabilities.

Summary

QCP Group officially announced it has secured a full Financial Services Permission from Abu Dhabi’s Financial Services Regulatory Authority under ADGM. The license enables the Singapore-based firm to provide regulated spot and derivatives trading, market making, and structured solutions for institutional and professional clients. Founder Darius Sit called the approval a cornerstone of QCP’s global strategy, highlighting the Middle East’s importance as a digital asset hub. The firm, already licensed in Singapore, says its dual presence allows it to bridge liquidity across Asia and the Middle East. Abu Dhabi’s regulator emphasized that QCP’s compliance-focused approach aligns with ADGM’s goals to attract top-tier financial institutions.

Terms & Concepts
  • Financial Services Permission (FSP): A license issued by Abu Dhabi Global Market’s Financial Services Regulatory Authority that allows firms to offer regulated financial services, including digital asset activities.
  • Digital Asset Derivatives: Financial contracts whose value is derived from cryptocurrencies, enabling strategies such as hedging or speculation.
  • Market-Making: A trading strategy where firms provide liquidity by continuously quoting buy and sell prices for assets, facilitating smoother market operations.