XBTO Secures UAE License to Expand Digital Asset Services for Institutional Investors

XBTO Group has obtained a regulatory license in the United Arab Emirates, positioning the firm to serve sovereign wealth funds, family offices, and financial institutions as a regulated digital asset counterparty. The approval from Abu Dhabi Global Market (ADGM) marks a strategic expansion for the Bermuda-based company in a jurisdiction increasingly recognized for its progressive crypto framework.

"ADGM has built one of the most respected regulatory frameworks in the digital asset space globally," said Philippe Bekhazi, XBTO’s CEO and founder. The license follows the company’s participation in Hub71’s digital assets cohort and comes as XBTO pursues additional approvals in the UK market.

Chief Commercial Officer Karl Naim emphasized the alignment with UAE’s ambition to become a global digital finance hub, noting the license enables deeper collaboration with regional partners. The MOVE underscores growing institutional demand for regulated crypto services in Middle Eastern markets.