Page 425 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

Finstreet to launch first regulated digital venue in ADGM for trading private, public securities

• Monday, September 9, 2024 1:36 PM

• 2 minutes Reading

ABU DHABI, 9th September, 2024 (WAM) -- Rorix Holdings’ subsidiary, Finstreet, has announced the
granting of eight licences to its subsidiary entities to launch the first Digital MTF, Central Securities
Depository, Private Financing Platform under one ecosystem.

This category defining financial market infrastructure and its combination of activities makes it the
first of its kind to operate across the global markets from Abu Dhabi’s ADGM. Following direct
application of English common law under the regulation and supervision of the FSRA, Finstreet
provides a platform for transitioning towards the future of capital markets as they respond to the
opportunities presented by new technologies.

Finstreet’s three subsidiaries will be the first regulated, global market infrastructure to offer an end-
to-end hybrid traditional and blockchain-powered ecosystem to investors and issuers, covering the
full lifecycle of financial assets, including origination, issuance, trading, settlement and custody.

Dr. Thani bin Ahmed Al Zeyoudi, the Executive Chairman of Rorix Holdings, stated, “Today's launch
of Finstreet and the granting of its FSP licence by ADGM's Financial Services Regulatory Authority is
a testament to the UAE's commitment to embracing technological advancement and enabling
inclusive global trade. I am certain that Finstreet's digitised trade exchange platform will provide
markets with a holistic approach towards international trade and bring a new standard to capital
markets on a global scale.”

Ahmed Jasim Al Zaabi, the Chairman of Abu Dhabi Global Market (ADGM), said, “Finstreet’s
pioneering initiative embodies ADGM’s unwavering commitment to driving innovation and
redefining the future of global finance. By establishing the first regulated digital market for the
trading of both public and private securities within our jurisdiction, we are further solidifying Abu
Dhabi’s status as a premier global financial hub. This launch not only reinforces our strategic vision
of positioning Abu Dhabi at the heart of global finance but also propels economic growth and
enhances connectivity across the global marketplace."

Ajay Hans Raj Bhatia, the Chief Executive Officer of Sirius International Holding and Managing
Director of Finstreet, commented, "With this initiative, we further our mission to diversify UAE’s
economic growth agenda. Finstreet provides a foundation for a new, innovative infrastructure to
allow global financial market participants to both realise their own capital raising ambitions and
participate in the substantial growth story of UAE-based firms.”

Sunidhi Pasan, the Chief Executive Officer of Finstreet Limited, added,"By harnessing Finstreet’s
innovative infrastructure and deep market knowledge, we are opening up new avenues for
investment and trading for issuers and investors both in the region and abroad.”

https://www.wam.ae/en/article/b53mf0q-finstreet-launch-first-regulated-digital-venue