BlackRock acquires commercial license in Abu Dhabi: Bloomberg

BlackRock, the issuer of the spot Bitcoin ETF, IBIT, has obtained a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates (UAE), Bloomberg reported. The asset manager is also pursuing regulatory approval to conduct business in the Abu Dhabi Global Market (ADGM), the city's financial center. According to Charles Hatami, BlackRock's regional head, the firm's focus in the Middle East will include private markets and artificial intelligence infrastructure.