UAE ADGM grants Liquefy in principle approval for Private financing platform

Liquefy, fintech platform that offers tokenized securities recently announced that it has been granted in-principle approval to operate a Private Financing Platform (‘PFP’) for the Abu Dhabi Global Market (‘ADGM’), in line with the jurisdiction’s wider regulatory regime for digital assets and securities. Once granted in full, Liquefy will be able to offer tokenized securities backed by real world assets such as private companies, venture funds and other alternative investments to investors in the UAE on its Alternative Global Marketplace. This marks an important milestone in Liquefy’s development from a pure technology provider towards a FinTech platform.

Liquefy is a well known tokenization player in Asia that offers enterprise-ready technology solutions to corporate clients, with the long-term vision being in the tokenized securities distribution space. Strategically, the license enables Liquefy to complement its asset origination strategy for seamless end-to-end tokenization, while also consolidating its presence in the UAE, building on the existing joint venture with The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and SEED Group in Dubai.

Adrian Lai, CEO of Liquefy said: “Liquefy has always recognised the UAE as a region ripe with opportunities, offering a unique blend of favourable investment environment, a culture of innovation, and progressive investor appetite for alternative investment. We are extremely proud to expand our operational presence in the UAE with the granting of the license in-principle. With our extended service offerings, Liquefy aims to continuously drive FinTech innovation around the globe.”

In October 2019 Liquefy had announced it would be partnering with GCC Families to tokenize real estate assets worth 1 billion USD.