Ripple Effect? Hidden Road Enters Middle East with “In-Principle” Abu Dhabi Licence

Canada’s 3iQ And Abu Dhabi’s AltNovel Join Forces To Meet Institutional Demand For Digital Assets In Middle East

AltNovel, an Abu Dhabi-based alternative investment firm, and 3iQ Corp, a Canadian investment fund manager, on 7 May 2025, announced the alliance to create AltNovel Digital Access Portfolio (ADAP) to provide institutional and qualified investors with a structured and diversified exposure to a range of blockchain-based assets while maintaining regulatory compliance. Institutional demand for digital assets in the Middle East has grown with family …

Ripple Effect? Hidden Road Enters Middle East with “In-Principle” Abu Dhabi Licence

Hidden Road, the crypto prime broker acquired by Ripple last month, has cemented its presence in the Middle East by securing an in-principle approval from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a regulated financial services firm. The approval has been granted to the ADGM entity of Hidden Road.Targeting UAE InstitutionsWhen fully approved, the licence will allow Hidden Road to offer clearing and prime brokerage …