Page 433 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/19/24, 2:30 PM Finstreet Unveils First Regulated Digital Trading Platform On ADGM
Furthermore, Finstreet's three subsidiaries have been granted financial services permission (PSPs) to
launch a digital settlement facility (DSF) and collective investment fund (CIF) and for arranging

deals in investments, advising on investments or credit, and arranging custody.

However, all these permissions and licenses are subject to final regulatory approvals ahead of
launching such services.

This financial market infrastructure, alongside its mix of activities, is a novelty framework to be

implemented throughout markets on the ADGM.

As an MTF, Finstreet Global Markets Ltd will provide a secondary market trading facility for

professional clients for securities that have their primary market listing on other exchanges, added
the statement.

Finstreet, by directly applying English common law under the regulation and supervision

of ADGM's Financial Services Regulatory Authority (FSRA), will provide investors with a platform
to shift to the future of capital markets as they adapt to newer avenues opened up by emerging

technologies.

The Abu Dhabi-based company's three subsidiaries will be the first regulated, global market
infrastructure to provide an end-to-end hybrid traditional and blockchain-powered ecosystem to

investors and issuers, spanning the entire lifecycle of financial assets, from origination and issuance
to trading, settlement, and custody.

Crucial quotes

“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," said ADGM Chairman Ahmed Jasim Al Zaabi.

"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,”
said Finstreet CEO Sunidhi Pasan.

ADGM's first-half registrations

In the first half of 2024, ADGM registered a 31% year-on-year uptick in the total number of its
entities operating under it to 2,088, as banks such as Morgan Stanley and Goldman Sachs alongside

several other companies set up their offices in the UAE's capital Abu Dhabi.

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