Alpaca Middle East Entity Receives Principle Approval from Abu Dhabi FSRA

Alpaca Clearing & Custody ME Ltd (Alpaca Middle East) has received principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to apply for a financial services license. Once licensed, Alpaca Middle East plans to offer brokerage services and virtual asset custody services within the scope of the final approval from the FSRA. It is important to note that principle approval is not equivalent to a financial services license, and Alpaca Middle East is not permitted to conduct regulated activities within or from the ADGM until it obtains the relevant license.

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