BlackRock Secures Business License In Abu Dhabi

According to PANews, BlackRock, a multinational investment firm and issuer of spot Bitcoin ETFs, has obtained a business license to operate in Abu Dhabi, the capital of the United Arab Emirates. The UAE is known as a popular hub for cryptocurrency activities, although the report did not specifically mention digital assets. Bloomberg noted that this license reflects BlackRock's interest in expanding within regions that are favorable to cryptocurrency. Charles Hatami, BlackRock's head for the Middle East, stated that the company will focus on private markets and artificial intelligence infrastructure. Additionally, BlackRock is seeking to obtain an operational license in the Abu Dhabi Global Market (ADGM). This move aligns with the firm's strategy to enhance its presence in regions that support the growth and development of digital and financial technologies.