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3rd Party: 11 Dec 2024
Aspen Digital, a full-service private wealth management platform built for family offices and ultra-high net worth clients allocating into digital assets, co-incubated by Everest Ventures Group and TTB Partners and backed by RIT Capital Partners, Liberty City Ventures and Token Bay Capital today announced the receipt of a Financial Services Permission (FSP) from the Financial Services Regulatory Authority of ADGM, the international financial center of the UAE's capital. Their strong global network of traditional investors and market participants across hedge funds, venture capital firms, and broader ecosystem players enables them to provide a best-in-class solution for clients.
The license grants Aspen Digital permission to provide broker-dealer, asset management, advisory, and custody services under its fully regulated and best-in-class tech platform.
Elliot Andrews, CEO of Aspen Digital, said: "ADGM has established itself as a global center for digital assets, and we look forward to contributing to the continued development of the ecosystem. With digital assets increasingly becoming an important part of the private wealth portfolio, Aspen Digital is uniquely positioned to service this segment of clients in the region by providing a holistic solution across the asset class.”
Arvind Ramamurthy, Chief Market Development, ADGM, added: “We are delighted to welcome Aspen Digital to ADGM, further cementing its reputation as a global financial hub and its growing prominence as a leading wealth management hub. Aspen Digital’s decision to establish its presence in ADGM is a testament to the strength of our regulatory framework and our ability to enable private wealth platforms to serve the growing demand for digital assets across the region. We look forward to supporting Aspen Digital in its journey to advance the private wealth management landscape in Abu Dhabi and beyond."
This milestone marks Aspen Digital's commitment to the region to service the private wealth market’s growing demand to allocate into the digital asset sector.
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