Copper Securities in UAE receives in principle license approval from ADGM

Copper Securities (ME) Limited (“Copper ME), a member of the Copper Group, a digital assets collateral management and trading infrastructure firm, has received In Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial center of Abu Dhabi, in respect of its Variation of Permission to expand the scope of its regulated activities relating to digital assets.

Once licensed and upon final approval from FSRA, Copper ME will be able to offer secure digital asset custody solutions, as well as ClearLoop, Copper’s off-exchange collateral management infrastructure, rewards programs, enabling compliant, yield generation opportunities for institutional participants, as well as Tokenized Money Market Fund (MMFT) brokerage that will facilitate access to digital financial products.

As per the announcement, Copper Group views Abu Dhabi and its growing digital asset market as a strategic priority.

Amar Kuchinad, Chief Executive Officer of Copper Group, noted that the IPA reflects the strength of ADGM as a jurisdiction for global institutions seeking regulatory clarity, while Copper views the Middle East as central to their global strategy.

Charlotte Nedir, Senior Executive Officer of Copper ME, commented, “Receiving IPA from the FSRA is an important step in the evolution of our ADGM entity which has been licensed as a Cat3 since 2023 and a clear progression from our December announcement. ADGM’s multi‑asset regulatory framework enables firms to support virtual assets, tokenized funds, and other blockchain‑based instruments within a single, institution‑grade regime. We value the constructive engagement with the FSRA and look forward to continuing to demonstrate our readiness as we move towards full authorisation and the operational launch of our regulated activities.”

Arvind Ramamurthy, Chief Market Development Officer at ADGM, congratulated Copper ME, and noted that ADGM’s is offering a progressive digital asset regulatory framework that supports innovation in custody, trading and tokenization.

In 2025 Copper, collaborated with Coinbase, where Copper’s ClearLoop network was integrated with Coinbase International Exchange, providing clients with access to Copper’s off-exchange settlement and collateral management platform.