Finstreet, a subsidiary of Rorix Holdings under the International Holding Company (IHC), has secured eight licenses to launch the first regulated digital trading platform within the Abu Dhabi Global Market (ADGM).
The venue, a multilateral trading facility (MTF), will provide a hybrid ecosystem for both public and private securities, with blockchain-powered infrastructure.
The firm’s three subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA).
These licenses allow the firm to offer services ranging from trading and settlement to custody and private financing, subject to final regulatory approvals.
This initiative positions Finstreet as a globally focused, end-to-end digital market infrastructure aimed at professional investors, facilitating trading and settlement of securities with enhanced liquidity.
The platform, developed at the University of Oxford’s SBS Finance Lab, will provide capital market solutions in line with ADGM’s regulatory framework, which is based on English common law.
Finstreet’s platform to support Abu Dhabi’s position as a global financial hub
Dr Thani bin Ahmed Al Zeyoudi, executive chairman of Rorix Holdings, said, “The launch represents the UAE’s commitment to advancing global finance through technology. This platform will set a new global standard in capital markets, furthering the UAE’s strategic goals.”
Ahmed Jasim Al Zaabi, chairman of ADGM, echoed this sentiment, noting that the initiative cements Abu Dhabi’s position as a global financial hub. “By establishing the first regulated digital market for both public and private securities, Finstreet strengthens our commitment to innovation and economic growth.”
Ajay Hans Raj Bhatia, CEO of Sirius International Holding and MD of Finstreet, highlighted the platform’s role in diversifying the UAE’s economy. “Finstreet offers a new financial infrastructure that enables global participants to realise their capital-raising ambitions and partake in the UAE’s growth story,” he said.
The firm plans to expand its offerings, including commodities trading, aligning with the UAE’s comprehensive economic partnership agreement (CEPA) strategy aimed at enhancing global trade facilitation.