Singapore-based QCP Group has significantly broadened its global reach by securing a full Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). This strategic move positions them within a crucial hub for cryptocurrency activity worldwide. With this license, QCP is authorized to deliver a comprehensive suite of regulated digital asset offerings. These include spot and derivatives trading, market-making services, and custom-tailored solutions designed for both institutional and professional investors. This achievement follows QCP’s previous success in obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), now enabling them to operate across two premier financial centers.
Darius Sit, the founder of QCP, emphasized the pivotal role of the Abu Dhabi approval in the company’s overall global strategy, particularly highlighting the region’s growing importance in the expanding digital asset landscape. He underscored that ADGM’s strong legal and regulatory environment contributes to enhanced client confidence regarding security and regulatory compliance. This, in turn, strengthens QCP’s position as a reliable intermediary for its institutional clientele. The company anticipates that its presence across both Singapore and Abu Dhabi will streamline around-the-clock trading operations and effectively bridge liquidity flows between Asian and Middle Eastern markets.
Abu Dhabi has strategically established itself as a primary destination for crypto businesses, supported by a regulatory framework initiated in 2018, which stands as one of the first all-encompassing guidelines for virtual assets. Favorable tax incentives and rigorous compliance standards have drawn exchanges, custodians, and token issuers to the region. A notable event was Abu Dhabi’s MGX fund committing $2 billion to Binance in March 2025, demonstrating the emirate’s clear ambition to become a leading competitor among global financial centers. Arvind Ramamurthy, ADGM’s chief market development officer, expressed his enthusiasm for QCP’s entry, noting its alignment with ADGM’s objective to attract leading financial institutions dedicated to both innovation and maintaining regulatory excellence.
However, obtaining an ADGM license necessitates a demanding application process. Potential licensees must adhere to strict requirements related to anti-money laundering (AML), countering the financing of terrorism (CFT), and cybersecurity protocols. The submission of detailed business plans, robust governance structures, and proof of experienced leadership are also compulsory. While such requirements may be costly and time-consuming, they align with ADGM’s core objective of ensuring that only qualified institutions are authorized to operate within its regulatory framework. For QCP, complying with these high standards enhances its reputation within a sector that is increasingly subject to scrutiny by global regulatory bodies.
QCP’s expansion into Abu Dhabi is indicative of a broader industry trend where crypto firms seek operational stability within well-regulated environments. As institutional interest in digital assets continues to rise, firms are prioritizing both compliance and transparency to effectively meet the needs of sophisticated investors. It is anticipated that QCP’s dual regulatory status will reinforce its market position, enabling the firm to confidently serve a diverse global client base. The firm’s capability to offer seamless cross-market liquidity and continuous, 24-hour trading services further enhances its appeal within a competitive market. With complementary regulatory structures and market infrastructure offered by both ADGM and Singapore, QCP is strategically positioned to leverage the evolving opportunities within the 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/)