ADGM Assets Surge to $9 Trillion Amid Abu Dhabi Finance Week's Global Impact
The Abu Dhabi Global Market (ADGM), a pivotal financial center in the UAE, is embarking on a dynamic new decade, having recently announced the inclusion of 11 prominent global financial institutions. This impressive expansion sees ADGM managing assets exceeding $9 trillion, a striking increase from a mere $635 billion last year and only $450 billion two years prior. Such growth positions ADGM among the fastest-growing financial hubs globally, further cementing its status as a leading jurisdiction for asset management.
The announcements, made in conjunction with the Abu Dhabi Finance Week (ADFW), underscore the city’s rising stature as the 'Capital of Capital.' This event serves as a global platform to amplify Abu Dhabi's role in the financial arena, showcasing the attraction of capital flows facilitated by top-tier institutions and a world-class regulatory framework under the ADGM.
The staggering increase in assets managed at ADGM signifies a pivotal shift rather than mere incremental growth, marking a transformation in Abu Dhabi's role within the global financial landscape. During the ADFW, several notable entities such as Cantor Fitzgerald, BBVA, UBS Group, and KKR declared their intent to establish a strong presence in ADGM, signaling robust confidence in the region’s financial credibility.
As it stands, ADGM is on track to become one of the top five international financial centers worldwide. By harnessing its solid foundations, the center is set to uphold international standards across various burgeoning areas, including not just asset management but an array of financial services. This encompasses digital assets, sustainable finance, and advanced family office services, all supported by a progressive regulatory framework aligning with the highest global benchmarks.
S.E. Ahmed Jasim Al Zaabi, the chairman of ADGM, articulated the significance of these commitments, affirming the growing influence of Abu Dhabi in the realm of global capital flows. He highlighted the long-term trust that international institutions have in Abu Dhabi's clear and encompassing vision for its financial ecosystem. The last decade has seen the city solidify a stable, trusted financial system underpinned by robust regulations. The integration of such global players managing over $9 trillion in assets reflects a profound confidence in Abu Dhabi's capabilities to support culturally and economically demanding financial activities.
During the financial week, an exceptional milestone was achieved when Binance received a formal global license from the Financial Services Regulatory Authority (FSRA) of ADGM, allowing it to operate under strict regulatory protocols as the first cryptocurrency exchange to do so globally. This groundbreaking achievement is a pivotal step toward positioning ADGM as the most advanced and compliant ecosystem for digital assets in the world.
Richard Teng, co-CEO of Binance, emphasized that this licensing underscores their commitment to regulation, transparency, and user protection. The partnership with ADGM is a testament to their long-term belief in the growth potential of the crypto ecosystem, showcasing an intention to work closely with local regulators to foster responsible innovation and sustainable growth within the industry.
Furthermore, fintech companies (like iCapital) are also establishing roots in Abu Dhabi, indicating the vibrant opportunities available in the market. Other prominent firms such as Hashed Global Management, Circle Internet, Galaxy Digital, and Animoca Asset Management are gearing up to manage increased activities from ADGM.
In a noteworthy business development, RIQ, part of the International Holding Company (IHC), announced its collaboration with Swiss Re, a leading global provider of reinsurance and insurance solutions, to create innovative risk, data, and AI-driven reinsurance solutions from its ADGM base.
Additionally, JPMorgan has expanded its payment and treasury operations at ADGM, enabling them to offer a comprehensive suite of solutions, including multi-currency liquidity management and payment capabilities to its clients throughout the region. As ADGM moves forward, the next decade appears promising, capitalizing on its strategic advantages to enhance market capacities and strengthen Abu Dhabi’s role as a globally connected hub, ensuring capital is strategically deployed to generate long-term value.
For more information, you can visit www.adfw.com.
The announcements, made in conjunction with the Abu Dhabi Finance Week (ADFW), underscore the city’s rising stature as the 'Capital of Capital.' This event serves as a global platform to amplify Abu Dhabi's role in the financial arena, showcasing the attraction of capital flows facilitated by top-tier institutions and a world-class regulatory framework under the ADGM.
The staggering increase in assets managed at ADGM signifies a pivotal shift rather than mere incremental growth, marking a transformation in Abu Dhabi's role within the global financial landscape. During the ADFW, several notable entities such as Cantor Fitzgerald, BBVA, UBS Group, and KKR declared their intent to establish a strong presence in ADGM, signaling robust confidence in the region’s financial credibility.
As it stands, ADGM is on track to become one of the top five international financial centers worldwide. By harnessing its solid foundations, the center is set to uphold international standards across various burgeoning areas, including not just asset management but an array of financial services. This encompasses digital assets, sustainable finance, and advanced family office services, all supported by a progressive regulatory framework aligning with the highest global benchmarks.
S.E. Ahmed Jasim Al Zaabi, the chairman of ADGM, articulated the significance of these commitments, affirming the growing influence of Abu Dhabi in the realm of global capital flows. He highlighted the long-term trust that international institutions have in Abu Dhabi's clear and encompassing vision for its financial ecosystem. The last decade has seen the city solidify a stable, trusted financial system underpinned by robust regulations. The integration of such global players managing over $9 trillion in assets reflects a profound confidence in Abu Dhabi's capabilities to support culturally and economically demanding financial activities.
During the financial week, an exceptional milestone was achieved when Binance received a formal global license from the Financial Services Regulatory Authority (FSRA) of ADGM, allowing it to operate under strict regulatory protocols as the first cryptocurrency exchange to do so globally. This groundbreaking achievement is a pivotal step toward positioning ADGM as the most advanced and compliant ecosystem for digital assets in the world.
Richard Teng, co-CEO of Binance, emphasized that this licensing underscores their commitment to regulation, transparency, and user protection. The partnership with ADGM is a testament to their long-term belief in the growth potential of the crypto ecosystem, showcasing an intention to work closely with local regulators to foster responsible innovation and sustainable growth within the industry.
Furthermore, fintech companies (like iCapital) are also establishing roots in Abu Dhabi, indicating the vibrant opportunities available in the market. Other prominent firms such as Hashed Global Management, Circle Internet, Galaxy Digital, and Animoca Asset Management are gearing up to manage increased activities from ADGM.
In a noteworthy business development, RIQ, part of the International Holding Company (IHC), announced its collaboration with Swiss Re, a leading global provider of reinsurance and insurance solutions, to create innovative risk, data, and AI-driven reinsurance solutions from its ADGM base.
Additionally, JPMorgan has expanded its payment and treasury operations at ADGM, enabling them to offer a comprehensive suite of solutions, including multi-currency liquidity management and payment capabilities to its clients throughout the region. As ADGM moves forward, the next decade appears promising, capitalizing on its strategic advantages to enhance market capacities and strengthen Abu Dhabi’s role as a globally connected hub, ensuring capital is strategically deployed to generate long-term value.
For more information, you can visit www.adfw.com.
Topics Financial Services & Investing）
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