Animoca Brands Gains UAE Fund Management Approval
Animoca Brands fund management approval has been granted in-principle by the Abu Dhabi Financial Services Regulatory Authority (FSRA). This follows the October in-principle crypto brokerage licence from Dubai’s Virtual Assets Regulatory Authority (VARA).
Under the new framework, the Hong Kong-based firm can manage collective investment funds for institutional clients and centralise its portfolio of over 600 web3 gaming, digital rights and infrastructure investments.
The dual approvals reflect the UAE’s push to grow as a regulated digital assets hub. Animoca Brands is also advancing tokenisation, including a limited partnership fund on the XRP Ledger.
Chairman Yat Siu will speak at the 2025 Global Blockchain Show in Abu Dhabi. This Animoca Brands fund management approval provides institutional crypto investors with a clear regulatory pathway in the Middle East.
Neutral
While Animoca Brands’ fund management approval and prior crypto brokerage licence signal growing regulatory clarity and institutional adoption in the UAE, the direct impact on XRP’s price is limited. In the short term, positive regulatory developments may boost market sentiment and transaction volumes on the XRP Ledger, supporting moderate trading activity. Long term, the establishment of regulated investment funds and tokenisation on XRP Ledger could increase demand for XRP-based services and infrastructure, underpinning potential growth. However, since the news centers on corporate licensing rather than an XRP-specific product launch, the immediate price reaction is likely neutral.