Abu Dhabi: Standard Chartered's Crypto Firm Zodia Markets Gets Broker Approval, Eyes Middle East Expansion

In exciting crypto news, Standard Chartered's crypto venture, Zodia Markets, is making significant strides in the Middle East. Backed by Standard Chartered Ventures, Zodia Markets has received in-principle approval from the Abu Dhabi Global Market (ADGM) to operate as an over-the-counter (OTC) crypto broker-dealer. This pivotal approval positions Zodia Markets to expand its digital asset marketplace within the region, capitalizing on the growing interest in cryptocurrency investment.

Zodia Markets is betting big on the Middle East for expansion after securing this crucial in-principle approval from the Abu Dhabi Global Market. This marks a significant step forward for the firm in establishing a strong presence in the burgeoning digital asset landscape of Abu Dhabi.

This development follows in the footsteps of other key players in the region. For instance, back on 7 de Sept. de 2025, Zodia Markets received the initial nod. Similarly, In 2025, cryptocurrency platform Rain also received in-principle approval for financial services permission (FSP) from ADGM, highlighting the region's commitment to fostering innovation within the crypto space. If Zodia fully gets all the necessary approvals (expected soon), it will be a major win.

The approval allows Zodia Markets to operate as an OTC crypto broker-dealer in the ADGM, providing a regulated and secure platform for institutional investors to access digital assets. With backing from Standard Chartered, Zodia Markets is well-positioned to become a leading player in the evolving crypto market in Abu Dhabi and the wider Middle East.