Singapore-based digital asset trading firm QCP Group has received a full license from Abu Dhabi’s Financial Services Regulatory Authority, expanding into one of the world’s most ambitious crypto hubs.
The license, granted under the Abu Dhabi Global Market (ADGM), allows QCP to provide spot and derivatives trading, market making and structured solutions for institutional and professional clients. The firm already holds a Major Payment Institution license from the Monetary Authority of Singapore.
In 2018, the FSRA introduced one of the world’s first comprehensive frameworks for virtual assets. Since then, it has worked to attract exchanges, custodians, and token issuers. To do so, it relies on strict compliance standards and favorable tax policies. Major investments have reinforced the emirate’s wider push into digital assets. In March, Abu Dhabi’s MGX fund committed $2b to Binance, showing its intent to compete with other global financial centers.
Abu Dhabi has positioned itself as a leading destination for crypto firms.
For QCP, the dual licensing in Singapore and Abu Dhabi provides coverage across two established financial hubs. The company says this positioning enables it to bridge liquidity between Asia and the Middle East, while offering clients 24-hour regulated trading.
However, the licensing process is demanding. Applicants face high fees, detailed compliance checks and requirements for robust governance and cybersecurity frameworks.
QCP joins a growing list of firms using Abu Dhabi as a base for crypto expansion. By securing one of the more challenging licenses to obtain, the company has strengthened its credentials in a sector where regulators are demanding higher standards.
ADGM’s chief market development Officer, Arvind Ramamurthy, welcomed QCP’s addition. He said the group’s focus on regulatory compliance and digital asset innovation fits the center’s goal of attracting top-tier financial institutions to the region.
