The company aims to launch its brokerage service at the start of 2024, upon securing approvals from the ADGM and FSRA
The approval does not constitute a licence but does enable the company to operate as a custody provider for virtual assets within the ADGM jurisdiction, in an effort to serve the broader MENA region
Following receipt of the relevant regulatory approvals, IQ-EQ will be licensed to deliver fund administration services in the ADGM
Ruya Partners is an independent, partner-owned private capital investment firm that provides financing solutions for private-sector firms in developing markets
The licence will allow Komainu to offer its full suite of custody services, including institutional staking and collateral management via its Komainu Connect platform to clients in the Emirate
The MOU aims to foster cooperation between Standard Chartered’s wider digital assets agenda and the DIFC’s Innovation Hub, Dubai’s hub for fintech start-ups
IQ-EQ is to open its first office in Dubai, United Arab Emirates (UAE), as part of an effort to expand its presence in the Middle East and build on its support for clients in the region
In the role, Honsberger will be responsible for the day-to-day operations of the firm and will assist in the company’s growth in the region
