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Digital asset investment manager 3iQ announced today that, through its UAE-based sister company 3iQ Middle East, it has received preliminary approval for a Category 4 license from the Financial Services Regulatory Authority of Abu Dhabi Global Market.
The approval follows the company’s announcement of a strategic partnership with UAE-based digital asset investment manager Further. Through 3iQ’s managed account platform, QMAP, the two companies plan to support institutional investors’ digital asset investments.
The preliminary approval does not mean a formal license has been issued, and follow-up regulatory procedures remain.