Dubai, United Arab Emirates, April 17, 2024, Chainwire
Klickl International, a forward-thinking financial infrastructure provider headquartered in Abu Dhabi, is pleased to announce its recent achievement in securing a Financial Services Permit (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Markets. This achievement highlights Klickl’s commitment to solving challenges across Web3.0 and virtual asset environments by developing an integrated financial platform that harmoniously blends traditional finance (TradFi) and the expanding cryptocurrency space.
Founded in Abu Dhabi, Klickl strategically leverages the emirate’s progressive regulatory environment and dynamic economic environment. This strategic positioning allows Klickl to streamline processes and bridge the gap between traditional financial markets and the digital economy. This approach not only ensures a smoother transition and improved accessibility, but also lays the foundation for integrating the next billion users into the Web3.0 ecosystem.
Klickl’s platform is uniquely designed to be destination agnostic and operates under a decentralized global licensing scheme that grants rights to users in multiple jurisdictions. This innovative framework not only improves the inclusivity of financial services, but also has a notable impact on the global virtual asset community, facilitating seamless exchanges across various financial domains.
Michael Zhao, CEO of Klickl, shared his vision: “Obtaining an FSP license from FSRA is more than a regulatory milestone. This demonstrates our vision to seamlessly integrate traditional finance and cryptocurrencies. “Our deep-rooted presence in Abu Dhabi, a region known for pioneering developments in financial innovation, equips us with pioneering solutions that anticipate and meet the diverse needs of today’s global investors.”
Zhao said, “We are grateful to Abu Dhabi Global Markets and FSRA for their continued support. Their forward-thinking regulatory policies are integral to our quest to redefine financial infrastructure. As we move forward, Klickl is excited to continue breaking new ground while ensuring the digital economy is accessible, safe and efficient for everyone.”
With this new license, Klickl will expand its operations by providing robust, secure and compliant financial services designed to meet the needs of today’s dynamic financial environment and tomorrow’s digital horizon.
About KLICKL
Klickl International is a leading Web3.0 open finance platform in the Middle East, headquartered in UAE. As an infrastructure bank in the Web3.0 sector, we provide professional banking and digital payment solutions. With its own crypto infrastructure, global payment system, and network of existing banking partners, it provides ecosystem participants with one-stop account, custody wallet, clearing, clearing, on/off ramp and transaction services in a decentralized and compliant environment. Founded in Abu Dhabi and supported by the UAE government and regulators, the company has a vision to seamlessly connect the digital economy and traditional finance by building a global stablecoin ecosystem within a compliant framework to deliver value. We operate in compliance with asset finance business. of future finance.
www.klickl.com
Introduction to ADGM
Abu Dhabi Global Markets Financial Services Regulatory Authority, the UAE’s leading global regulator, introduced the world’s first comprehensive and customized virtual asset regulatory framework in 2018, ensuring comprehensive and robust regulations and provisions or structures. provided. With the goal of strengthening and transforming the Abu Dhabi economy, ADGM has solidified its position as a leading global hub and business platform for virtual asset activity.
ContactMarketing ManagerIvy BaiokKlicklmarketing@klickl.com
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