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3iQ Wins In-Principle Approval for Category 4 License in Abu Dhabi
3iQ Corp., a crypto investment manager, has received in-principle approval for a Category 4 license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This approval allows 3iQ Middle East Ltd, the UAE-based subsidiary, to act in an advisory role and provide non-discretionary investment arrangements. The license is part of 3iQ's broader strategy to establish regulated operations in key digital asset markets around the world. The approval follows a strategic partnership with Further, a local digital asset investment manager, and the launch of the QMAP platform, which has already gathered $100 million in seed capital linked to sovereign investment. Chief Market Development Officer Arvind Ramamurthy of ADGM noted that the in-principle approval reflects rising interest from international firms in the region's digital asset offerings. The license is expected to strengthen investor confidence in Abu Dhabi's digital asset market, although full operational permissions will depend on meeting additional regulatory conditions.