Finstreet, a Rorix Holdings subsidiary, has recently announced that it will launch the first digital multilateral trading facility (MTF), central securities depository, and private financing platform under one ecosystem. This financial market infrastructure and its combination of activities make it the first of its kind to operate across global markets from the Abu Dhabi Global Market (ADGM).
“Today’s launch of Finstreet and the granting of its FSP license by ADGM’s Financial Services Regulatory Authority is a testament to the UAE’s commitment to embracing technological advancement and enabling inclusive global trade,” stated Dr. Thani bin Ahmed Al Zeyoudi, executive chairman of Rorix Holdings.
The future of capital markets
Following the direct application of English common law under the regulation and supervision of the FSRA, Finstreet provides a platform for transitioning towards the future of capital markets as they respond to the opportunities presented by new technologies.
Finstreet will grant eight licenses to its subsidiary entities to launch the first digital MTF, central securities depository, and private financing platform under one ecosystem.
“By establishing the first regulated digital market for the trading of both public and private securities within our jurisdiction, we are further solidifying Abu Dhabi’s status as a premier global financial hub,” stated Ahmed Jasim Al Zaabi, chairman of ADGM.
Finstreet’s three subsidiaries will be the first regulated, global market infrastructure to offer an end-to-end hybrid traditional and blockchain-powered ecosystem to investors and issuers, covering the full lifecycle of financial assets, including origination, issuance, trading, settlement, and custody.
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Greater access to global capital markets
The company seeks to use hybrid technologies to link capital markets globally and drive long-term growth. In addition, it aims to bridge the gap between private primary and secondary markets, as well as digital and traditional securities. Therefore, it aims to link international markets with Abu Dhabi’s robust financial ecosystem to create an accessible global marketplace.
“Finstreet provides a foundation for a new, innovative infrastructure to allow global financial market participants to both realize their own capital raising ambitions and participate in the substantial growth story of UAE-based firms,” commented Ajay Hans Raj Bhatia, CEO of Sirius International Holding, managing director of Finstreet.
Finstreet is a Rorix Holdings subsidiary. The International Holding Company formed Rorix Holdings last month, a global finance and trade facilitation company focused on financial services, trade finance, advisory, commodities, and trade insurance sectors.
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