According to Foresight News, International Business Digital Technology, a Hong Kong-listed company, announced that its subsidiary, IBDT Platform, established in the United Arab Emirates (UAE), has received a no-objection letter from a federal regulatory authority in the UAE. This letter grants preliminary approval for the inclusion of three core business activities within the company's commercial license: virtual asset brokerage, virtual asset custody, and virtual asset platform operations.
IBDT Platform is 90% owned by International Business Digital Technology, with the remaining 10% held by an independent third party. The financial performance of IBDT Platform will be consolidated into the company's comprehensive financial statements.