Recently, Klickl announced that it has been granted the final operating license for Financial Services Provider (FSP) by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market. This license allows Klickl to operate in a compliant manner in the cryptocurrency asset custody and brokerage business. In addition, Klickl has also received approval from the Central Bank of the UAE for its client funds accounts related to its cryptocurrency business. As a result, Klickl has become the first Web 3.0 financial platform in the Middle East to effectively integrate traditional finance with the crypto world, capable of addressing various challenges faced by the cryptocurrency asset sector.
Klickl is based in Abu Dhabi and is a leading financial infrastructure provider in the MENA region. Combining the open regulatory environment of the Middle East with an active market economy, Klickl continuously refines its business model, effectively promoting the integration of traditional financial markets with the digital economy. Klickl has laid a solid foundation for future access to the Web 3.0 ecosystem for hundreds of millions of users, creating a smoother access channel.
Klickl's CEO, Michael Zhao, shared his vision: "The issuance of the FSP license by FSRA to Klickl is not only a regulatory milestone, but it also validates Klickl's beautiful vision of seamlessly linking traditional finance with cryptocurrencies. Abu Dhabi is known for its pioneering steps in financial innovation, and Klickl's strong foundation in Abu Dhabi enables us to develop forward-looking solutions that meet the diverse needs of today's global investors.