Page 438 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/19/24, 2:31 PM Finstreet, a Rorix Holdings Company, to Launch First Regulated Digital Venue in ADGM for trading both Private and Public Securiti…
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 license 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 digitized 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.”

H.E. Ahmed Jasim Al Zaabi, the Chairman of Abu Dhabi Global Market
(ADGM) stated: “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 said: “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.”

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