3iQ wins preliminary approval for ADGM digital asset management license

Digital asset investment manager 3iQ announced today that, through its UAE-based sister company 3iQ Middle East, it has received preliminary approval for a Category 4 license from the Financial Services Regulatory Authority of Abu Dhabi Global Market. The approval follows the company’s announcement of a strategic partnership with UAE-based digital asset investment manager Further. Through 3iQ’s managed account platform, QMAP, the two companies plan to support institutional investors’ digital asset investments. The preliminary approval does not mean a formal license has been issued, and follow-up regulatory procedures remain.