QCP Capital and Further Ventures Partner to Propel Middle Eastern Crypto Markets

Strategic Expansion

Singapore's QCP Capital, in collaboration with Further Ventures, has set its sights on the Middle Eastern market to introduce innovative financial and derivative products in the realm of digital assets. A new chapter begins as QCP prepares to establish a footprint in Abu Dhabi, capitalizing on the city's advanced regulatory environment conducive to institutional digital asset growth.

Abu Dhabi's Fintech Ecosystem

Abu Dhabi has been recognized as a pioneering force in the fintech sector. The city's financial center, Abu Dhabi Global Market (ADGM), is hailed as the fastest-expanding financial hub within the region. ADGM plays a crucial role by nurturing a robust ecosystem where assets under management have surged by 35%, reflecting a trend toward hefty institutional involvement in the crypto space.

Institutional Embrace of Crypto

Recent reports by Chainalysis and Coinbase further underscore the UAE's leaning towards substantial institutional crypto investments. Coinbase's latest institutional product, enabling traditional financial assets to trade on blockchain, has secured initial approval from ADGM's Financial Services Regulated Activity (FSRA), marking another milestone for the region's digital assets landscape.