3iQ Corp., a crypto investment manager, has received in-principle approval for a Category 4 license from the FSRA of ADGM in Abu Dhabi. The approval allows its UAE subsidiary, 3iQ Middle East Ltd, to act in an advisory role and provide non-discretionary investment arrangements to clients. The firm has also partnered with Further, a local digital asset investment manager, and its QMAP platform has already gathered 100 million dollars in seed capital linked to sovereign investment. Full operational permissions remain conditioned on meeting additional regulatory requirements, with no specific timeline provided.
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