BlackRock has obtained a commercial license to operate in Abu Dhabi, focusing on AI and private markets
According to Cointelegraph, multinational investment firm and spot Bitcoin ETF issuer BlackRock has obtained a business license to operate in Abu Dhabi, the capital of the United Arab Emirates.
The UAE is a popular cryptocurrency hub, but the report did not mention digital assets. Bloomberg commented that this license reflects BlackRock's interest in expanding into crypto-friendly regions.
Charles Hatami, head of BlackRock in the Middle East, said in a statement that the company will focus on private markets and artificial intelligence infrastructure. In addition, the company is also seeking an operating license at Abu Dhabi Global Market (ADGM).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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