QCP Bridges Asia and Middle East with Dual Crypto Regulation

Singapore’s QCP Group has obtained a full Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) under the Abu Dhabi Global Market (ADGM), marking a strategic expansion into a key global cryptocurrency hub. The license enables the firm to provide a broad range of regulated digital asset services, including spot and derivatives trading, market making, and structured solutions for institutional and professional clients. This follows QCP’s prior acquisition of a Major Payment Institution (MPI) license from Singapore’s Monetary Authority of Singapore (MAS), allowing it to operate across two major financial centers.

QCP’s founder, Darius Sit, emphasized that the Abu Dhabi approval is a cornerstone of the firm’s global strategy, particularly given the region’s growing importance in digital asset adoption. He noted that ADGM’s robust legal and regulatory framework enhances client confidence in security and compliance, reinforcing QCP’s role as a trusted intermediary for institutional clients. The firm’s dual regulatory presence in Singapore and Abu Dhabi is expected to facilitate 24-hour trading services and bridge liquidity between Asia and the Middle East.

Abu Dhabi has positioned itself as a leading destination for crypto firms, supported by a regulatory environment introduced in 2018 as one of the first comprehensive frameworks for virtual assets. The city has attracted exchanges, custodians, and token issuers through favorable tax policies and high compliance standards. Notably, Abu Dhabi’s MGX fund committed $2 billion to Binance in March 2025, underscoring the emirate’s ambition to compete with other global financial hubs. ADGM’s chief market development officer, Arvind Ramamurthy, welcomed QCP’s entry, highlighting its alignment with ADGM’s goal of attracting top-tier financial institutions committed to innovation and regulatory excellence.

However, obtaining an ADGM license is a rigorous process. Applicants must meet stringent anti-money laundering (AML), countering the financing of terrorism (CFT), and cybersecurity requirements. Detailed business plans, governance frameworks, and evidence of experienced leadership are also mandatory. These requirements, while costly and time-consuming, align with ADGM’s objective of ensuring only qualified institutions operate within its jurisdiction. For QCP, meeting these standards reinforces its credibility in a sector increasingly scrutinized by global regulators.

QCP’s expansion into Abu Dhabi is part of a broader trend of crypto firms seeking operational resilience in a regulated environment. As institutional interest in digital assets grows, firms are prioritizing compliance and transparency to meet the demands of sophisticated investors. QCP’s dual-regulated status is expected to strengthen its market position and enable it to serve a global client base with confidence. The firm’s ability to offer cross-market liquidity and round-the-clock trading further enhances its appeal in a competitive landscape. With ADGM and Singapore providing complementary regulatory and market infrastructure, QCP is well-positioned to capitalize on the evolving digital asset ecosystem.

Source:

[1] Singapore's QCP Group Secures Key Abu Dhabi Crypto License (https://finance.yahoo.com/news/singapore-qcp-group-secures-key-075533073.html)

[2] QCP Secures Full License in ADGM, Deepening Global Push into Regulated Digital Assets (https://www.qcpgroup.com/insights/qcp-secures-full-license-in-adgm-deepening-global-push-into-regulated-digital-assets/)

[3] Singapore’s QCP gains full Abu Dhabi licence as ADGM strengthens crypto oversight (https://invezz.com/news/2025/09/04/singapores-qcp-gains-full-abu-dhabi-licence-as-adgm-strengthens-crypto-oversight/)