Aspen Digital gets approval for financial services operations in the Middle East

By Gloria Methri

Hong Kong-based asset management technology solutions provider Aspen Digital has been granted an in-principle approval (IPA) from the FSRA to carry out regulated activities in the Abu Dhabi Global Market (ADGM).

Aspen Digital will now be licensed to provide financial services in ADGM and expand its product offering and presence within the Middle East.

The company offers a one-stop solution for private wealth managers to build their allocation to the alternative digital asset class. Its solution plays an important role in driving the local ecosystem and broader adoption of the technology within the region.

ADGM’s deep understanding of the asset class and its regulatory approach to working with the industry paves the way for building the region into a global financial services hub.

Founded in 2021 under Everest Ventures Group (EVG) and backed by investors including Rothschild Investment Trust (RIT Capital Partners) and Liberty City Ventures, Aspen Digital is a digital asset technology platform for family offices, UHNWIs and wealth managers. Through its one-stop solution, the company enables clients to allocate to the asset class seamlessly.

Elliot Andrews, CEO of Aspen Digital, said, “The IPA is an important milestone for Aspen Digital as we look to expand our global footprint and offering within the digital asset sector. With a deep understanding of the asset class, ADGM has built a very comprehensive and clear regulatory framework in which to operate. We are grateful for their support and look forward to working closely with them in driving the next wave of digital asset adoption.”