Switzerland’s leading crypto financial services provider, Bitcoin Suisse a provider of crypto financial services for institutional clients, crypto foundations, family offices, asset managers and high-net-worth individuals, continues to expand its operations with Bitcoin Suisse Group’s subsidiary, BTCS (Middle East) Ltd. (“BTCS ME”), receiving a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial center of Abu Dhabi.

As per the announcement, the FSP marks the completion of a thorough, multi-stage licensing process and enables BTCS ME to deliver a comprehensive suite of regulated digital asset financial services to institutional and professional clients in the UAE.

Bitcoin Suisse has more than 10 years of experience in the digital asset space and seeks to bring this experience to the UAE. Already, the group custodies $3.7 billion in crypto assets and is the fourth-largest staking operator globally.

Bitcoin Suisse plans Middle East expansion

With the license in hand, institutional and professional clients can access a regulated digital asset financial infrastructure designed for sophisticated needs, including managing and hedging digital asset exposure, in a fully compliant environment, with institutional-grade custody, and trading approved virtual assets.

In the future, Bitcoin Suisse’s subsidiary in MENA, BTCS ME, will support clients in accessing tokenized real-world assets.

According to Ceyda Majcen, Chief Executive Officer and SEO of BTCS ME, the FSP license from FSRA is a major milestone in their international growth plans.

He explains the authorization is a reflection of their decade of experience in building resilient infrastructure, risk frameworks, and trusted client relationships. He adds, “We are excited to bring our unique combination of institutional-grade capabilities and highly personalized service to the UAE, one of the world’s most dynamic hubs for digital assets.”

Arvind Ramamurthy, Chief Market Development Officer at ADGM, congratulated Bitcoin Suisse on the license and its expansion into ADGM, noting that its expansion reinforces the strength and maturity of their digital assets ecosystem.

He added, “As Abu Dhabi further strengthens its position as a leading financial hub in the region, ADGM remains committed to enabling innovation within a robust, internationally recognized regulatory environment.”

Two weeks earlier, Bitcoin Suisse (Europe) AG received its crypto asset service provider (CASP) license from the Liechtenstein Financial Market Authority under MiCAR. The European entity of Bitcoin Suisse is now able to serve clients across selected EEA markets, with Roman Przibylla appointed CEO to lead the expansion.

The smartest crypto minds already read our newsletter. Want in? Join them.