Hong Kong-based virtual asset service provider Klickl gets IPA from ADGM

By Arya M Nair, Official Reporter
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Klickl, a Hong Kong-based global virtual asset service provider, had received the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer and to provide custody in the digital asset place.

Formerly known as IDCM, Klickl has been actively engaging global regulators as part of its ongoing commitment to uphold global standards and collectively foster the development and sustainable growth of the crypto ecosystem. The issuance of the IPA showcases Klickl’s commitment to becoming an all-around virtual asset leader within the ADGM.

As the long-standing digital asset exchange platform that pioneered the notion of the Alliance Concept (Exchange-as-a-service), Klickl group has navigated successfully through bull and bear markets for the past five years.

Michael Zhao
Michael Zhao
Co-Founder & CEO

“The regulated route is the only route for any crypto company’s growth if it wants to be a serious player for the long run. Long gone are the days where digital asset players enjoy early-mover advantage benefiting from a fast-growing bull market. Recent crypto market turbulence and big selloff caused by greed-led FOMO driven sentiment is just another example to show why the market needs proper risk control and compliance.”

By focusing on building their ecosystem infrastructure, the new Klickl team is working around the clock to build a new suite of products, with an aim to deliver that All-in-One crypto super app that serves all your crypto needs in the ever-evolving digital era.

The firm excels in its modular digital product offerings backed by unparalleled infrastructure and technical know-how unlocking the value of captive digital assets for everyday use. Intuitive by design, Klickl through seamless aggregation strives to be people’s only digital asset account in an already disruptive ecosystem.

Related: ADGM & ADRO unite to bring more investments to the UAE Capital