Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Support Make an enquiry Whistleblowing FAQs
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news The Registration Authority of ADGM Publishes Consultation Paper on Legislative Framework for a Register of Certain Trust Information ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events The Settlement of International Energy Disputes in the Middle East LINK Networking Series Economy Middle East Summit 2024
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Announcement

    service

    M2 secures ADGM Licence and plans rollout of fully regulated crypto services to UAE residents and Institutions

    ADGM FSRA 28/11/2023
    Disclaimer: This is an external communication and is not an official statement or announcement from ADGM.

    M2, licensed by the FSRA and ADGM has been recognized as a fully regulated Multilateral Trading Facility (MTF) and Custodian and is now able to on-board UAE residents and institutional clients to the M2 platform.

    Under the full license M2 will be able to offer best-in-class trading products targeted at both retail and institutional investors in the UAE. The services coming soon will include:

    • Virtual Asset Custody: Investors will be able to manage their Virtual Assets in M2’s custodial wallets and offline storage facility, conveniently and securely with the easy-to-ease on ramp and off ramp mechanism.

    • Trade AED to BTC & ETH: M2 will shortly be able to offer institutions and retail clients the ability to trade AED with leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

    • AED Fiat On/Off-Ramp: M2 will shortly be able to offer institutions and retail clients the ability to trade AED with leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

    Designed with regulatory process and customers in mind, M2 adheres to strict regulatory requirements set by ADGM in relation to consumer protection, technology governance, custody and all its trade activities such as market surveillance, transparency, settlement, and transaction recording.

    ADGM’s virtual assets framework has been globally recognized as being one of the largest regulated jurisdictions of virtual assets in the MENA region.

    Stefan Kimmel, M2, CEO, comments: “We take pride in being a UAE-based platform, licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This recognition underscores our commitment to our customers and to the FSRA’s notably high and sophisticated regulatory standards. We look forward to offering crypto investors in the UAE the opportunity to utlize our platform, including the ability to trade on/off-ramp AED and to trade for market leading cryptocurrencies such as BTC and ETH by the end of the year.”

    He added: “As positive sentiment returns to the crypto market, we want to offer crypto investors a trusted place to buy, sell and custodize. Regulation is our routine, and we will continue to demonstrate our commitment to compliance and regulatory excellence.”

    Providing a secure destination for investors, M2 Limited and M2 Custody Limited are the registered companies that have been approved by ADGM to hold the Mutlilateral Trading Facility and Custodian licence.

    Arvind Ramamurthy, Chief of Market Development at ADGM said: “We are delighted to welcome M2 to ADGM. We are confident that ADGM’s dynamic ecosystem and progressive regulations will enable M2's vision, ADGM is the largest regulated jurisdiction of virtual assets in the MENA region and M2’s innovative solutions will add to our vibrant and trusted ecosystem of virtual asset trading venues, global exchanges and service providers."

    The team behind M2 is made up of an experienced board of directors, steered by the esteemed leadership of His Excellency Hisham Khalid Malak. With a strong commitment to regulatory compliance and innovative product offerings, M2 is taking steps to establish itself as a national leader in the digital asset sector, contributing to Abu Dhabi's emergence as a global crypto innovation hub.