DEX (Digital Assets Exchange) will allow retail and institutional investors from the UAE, GCC and Global markets to deposit fiat into a regulated exchange in their native currency.
DEX earlier this year secured in principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate a Crypto Asset Exchange as part of the wider digital asset regulatory ecosystem developed over the past year by the FSRA.
“This is a significant milestone achieved for DEX and we are excited to be a part of the United Arab Emirates’ (UAE) financial growth. It’s exciting to be a part of a regulatory landscape that will help shape the international digital asset exchange ecosystem and encourage institutional participation in digital assets as an alternative asset class. We also strongly believe that by digitising assets we are creating the fundamentals for a digitised economy not only within the UAE but globally”, said Smith.