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M2 Granted Full Regulatory Status in Abu Dhabi, Expands Services to UAE Residents and Institutions

Abu Dhabi’s M2, licensed by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), has achieved recognition as a fully regulated Multilateral Trading Facility (MTF) and Custodian.

This milestone allows M2 to onboard both UAE residents and institutional clients, offering a suite of cutting-edge trading products targeting diverse investor segments within the UAE.

According to the company, the platform, operating under the full license, will roll out an array of services catering to retail and institutional investors:

  1. Virtual Asset Custody: Investors gain access to M2’s custodial wallets and secure offline storage for managing Virtual Assets with a user-friendly on/off-ramp mechanism.
  2. Trade AED to BTC & ETH: M2 will soon offer the trading of UAE Dirham (AED) with prominent cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to institutional and retail clients.
  3. AED Fiat On/Off-Ramp: Easy-to-use on and off ramp mechanism will be made available to UAE customers. 

Focused on regulatory compliance and customer protection, M2 adheres to stringent regulatory prerequisites outlined by ADGM. These compliance measures encompass consumer safeguarding, technology governance, custody, and various trade activities ensuring market surveillance, transparency, and robust transactional processes.

As a matter of fact, in a recent interview with UNLOCK Blockchain, Stefan Kimmel, CEO of M2, explains that their commitment to regulation serves as the foundation for all of M2’s operations, emphasizing transparency, security, and the safety of customer deposits.

Kimmel emphasized the platform’s commitment to the FSRA’s rigorous regulatory standards, affirming their dedication to providing a trusted environment for crypto investors in the UAE. With an eye on introducing AED trading and top cryptocurrencies by year-end, Kimmel stressed M2’s focus on regulatory adherence and excellence.

Led by His Excellency Hisham Khalid Malak, M2 boasts an experienced board and aims to establish itself as a pivotal player in the digital asset sector. Their dedication to regulatory compliance and inventive product offerings positions M2 as a key contributor to Abu Dhabi’s ascent as a global crypto innovation hub.

News Desk

Unlock News Desk, is a group of Blockchain and Crypto enthusiastic young people, working to keep Unlock readers up to date with the industry news. Connect with the team via email: info(@)unlock-bc.com

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