QCP Group (QCP), a Singapore-based wealth partner for digital assets, announced it has obtained its Financial Services Permission (FSP), a license for its Middle East entity, QCP Trading Middle East Limited (QCP Middle East), from the Financial Services Regulatory Authority (FSRA) of ADGM. As the first company from Singapore to receive the FSP license, this achievement solidifies QCP’s dedication to regulatory compliance as a cornerstone of its global expansion strategy and reinforces its ability to deliver innovative digital asset solutions to clients in the Middle East.
Building on the In-Principle Approval (IPA) received earlier this year, the FSP further establishes QCP as a trusted partner for global financial institutions and professional investors seeking regulated exposure to digital assets.
“We are now better equipped to serve not only our clients in the MENA region but also a global client base of professional and institutional clients,” said Darius Sit, chief investment officer and Founder of QCP. “This includes traditional finance clients who are increasingly seeking compliant and regulated digital asset products. The Middle East, in particular, is emerging as a key market and we are dedicated to providing innovative, secure and bespoke solutions to meet the diverse needs of venture capital firms, hedge funds, high-net-worth individuals, and asset managers.”
Enhanced offerings for professional and institutional clients
The license allows QCP Middle East to expand its suite of services for professional and institutional clients, including:
Spot and derivatives trading
Providing best-in-class pricing across digital asset markets, ensuring liquidity and execution tailored to institutional standards. With 24/7 support and on/off ramping, clients will benefit from its global team.
Structured strategies and solutions
Offering sophisticated investment solutions customized to client needs, from yield enhancement to risk management strategies.
Collateralized trading
Enabling the use of assets, including stablecoins and other instruments, in tri-party custody arrangements for added security.
“We are proud to have worked closely with the FSRA in ADGM throughout this process, ensuring that our licensing journey aligns with their rigorous standards and our own commitment to excellence,” said Melvin Deng, chief executive officer of QCP. “This milestone reflects not only our dedication to regulatory integrity but also our unwavering focus on serving our clients – both longstanding partners and new ones in the MENA region and beyond. With the FSP, we are uniquely positioned to bridge the gap between digital assets and traditional finance, offering clients security, transparency and the confidence to navigate this space with a trusted partner.”
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A strategic base in the Middle East
The FSRA’s globally recognized regulatory framework, coupled with ADGM’s strategic position as a leading financial hub in the region, provides QCP with an unparalleled platform to engage with Middle Eastern clients. As the region emerges as a leader in blockchain innovation, QCP is committed to fostering long-term partnerships with institutional clients, contributing responsibly to the digital asset economy, and driving sustainable growth.
Arvind Ramamurthy, chief of Market Development at ADGM, commented: “We are delighted to welcome QCP Group to ADGM, further cementing its reputation as a global financial hub and its growing prominence as a leading wealth management hub. QCP’s focus on regulatory compliance and innovative digital asset solutions aligns seamlessly with ADGM’s vision of fostering a trusted and dynamic financial ecosystem. As we continue to attract top-tier financial institutions, ADGM remains committed to fostering collaboration, enhancing global connectivity, and driving the delivery of world-class financial solutions that support sustainable economic growth across the region”.
QCP will continue to prioritize regulatory excellence, client protection, and product innovation, ensuring that its services meet the evolving needs of a rapidly maturing digital asset market.
