Animoca Brands clears final hurdle for Abu Dhabi fund management

Animoca Brands has received regulatory approval for its Abu Dhabi fund management, which is a significant step in its expansion into regulated institutional financial services. The company is shifting its focus from blockchain gaming and venture investing to provide more traditional financial services. This development may impact the growth of the crypto market in the Middle East, as Animoca Brands is one of the leading companies in the region. The regulatory approval is a positive sign for the company, as it demonstrates its commitment to compliance and regulatory standards. The expansion into Abu Dhabi is also significant, as it provides access to a new market and potential customers. The company's shift towards regulated financial services may also attract more institutional investors to the crypto market.