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Copper ME expands its ADGM footprint after receiving In-Principle Approval from FSRA for Virtual Asset Custody and Investment Services

Middle East9 June 2026favicon-128-1.svgCopper
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Copper ME expands its ADGM footprint after receiving In-Principal Approval from FSRA for Virtual Asset Custody and Investment Services

Abu Dhabi – Copper Securities (ME) Limited (“Copper ME), a member of the Copper Group, today announced that it has received In Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, in respect of its Variation of Permission to expand the scope of its regulated activities relating to digital asset.

The IPA represents a significant regulatory milestone and follows Copper ME’s December 2025 announcement outlining its intention to broaden its regulated services offering from ADGM. The IPA enables Copper ME to proceed with the next phase of regulatory engagement, including demonstrating full operational readiness, ahead of the seeking the relevant Financial Services Permission (FSP).

Abu Dhabi, widely regarded as a rapidly growing digital asset market has been a strategic priority for Copper Group as institutional adoption of digital assets accelerates across the region. Over the past few years, the region has been establishing itself as a global hub for the industry, driven primarily by regulatory clarity and strong capital markets. The IPA will pave the way for Copper ME to offer, subject to final FSRA approval, a full suite of institutional grade infrastructures and services to clients, including but not limited to:

  1. Secure digital asset custody that is built to the highest standards of governance and risk management.
  2. A gate way to ClearLoop, Copper’s off-exchange collateral management infrastructure that improves capital efficiency whilst mitigating counterparty risk.
  3. Rewards programs, enabling compliant, yield generation opportunities for institutional participants.
  4. Tokenized Money Market Fund (MMFT) brokerage that will facilitate access to digital financial products.

Subject to final approval, Copper ME intends to expand its ADGM‑based platform to deliver institutional‑grade digital assets custody, settlement, collateral management, and related investment solutions, leveraging the Copper Group’s proprietary technology, global connectivity, and risk‑focused operating model.

Amar Kuchinad, Chief Executive Officer of Copper Group, commented:

"Copper provides financial market infrastructure and regulated financial services to institutions accessing the blockchain-based economy. This IPA reflects the strength of ADGM as a jurisdiction for global institutions seeking regulatory clarity and confidence as markets move on‑chain. We see the Middle East, and ADGM in particular, as central to our global strategy, and today’s milestone reinforces that commitment.”

Charlotte Nedir, Senior Executive Officer of Copper ME, commented:

“Receiving IPA from the FSRA is an important step in the evolution of our ADGM entity which has been licensed as a Cat3 since 2023 and a clear progression from our December announcement. ADGM’s multi‑asset regulatory framework enables firms to support virtual assets, tokenised funds, and other blockchain‑based instruments within a single, institution‑grade regime. We value the constructive engagement with the FSRA and look forward to continuing to demonstrate our readiness as we move towards full authorisation and the operational launch of our regulated activities.”

Arvind Ramamurthy, Chief Market Development Officer at ADGM, commented: “We congratulate Copper ME on receiving their IPA. This milestone underscores the strength of ADGM’s digital assets ecosystem and our progressive regulatory framework that supports responsible innovation across custody, trading, and tokenisation. We continue to see strong momentum from global and regional firms choosing ADGM as their platform for expansion, and we look forward to seeing Copper ME as it progresses towards full authorisation and scales its operations in Abu Dhabi.”

The Middle East continues to see accelerating institutional adoption of digital assets, with growing demand from banks, asset managers, trading firms, and sovereign entities for secure, compliant, and capital‑efficient infrastructure. Copper ME’s expansion in ADGM is intended to support these requirements while contributing to the continued development of Abu Dhabi’s digital asset ecosystem.

About Copper ME

Copper Securities (ME) Limited (“Copper ME”) is a private company limited by shares, incorporated in ADGM and part of the Copper Group. Copper ME is currently offering tokenized money market fund brokerage services under its FSP 200039. The company operates exclusively for institutional and professional clients and does not service retail clients.

About Copper Group

Founded in 2018, Copper Group is a global provider of digital asset custody, collateral management, and settlement solutions, with offices in London, Zug, Abu Dhabi, New York and other major financial centres.

The Copper Group’s proprietary MPC custody infrastructure and ClearLoop settlement network serve over 600 institutional counterparties worldwide. With years of existence, the ClearLoop Network is the first off-exchange collateral management and settlement solution for digital assets and is uniquely positioned to serve the region’s growing demand for regulated, institutional-grade digital asset infrastructure.

For more information, visit https://copper.co/en-uae and www.copper.co

Full Disclaimers here

The products and/or services described may not be available in your jurisdiction. Additionally, the information provided is for general educational purposes only and is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer, a recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any individual product or service or to use any particular investment strategy or license any software product. Nothing on this press release shall constitute investment, tax, legal or other advice.

Copper is committed to conducting its business with the highest standards of ethics, honesty, and integrity, at all times Persons may report concerns confidentially through our whistleblowing hotline, available here or by calling 800-0320094.

Copper is the trading name of Copper Securities (ME) Limited, a company regulated by the ADGM Financial Services Regulatory Authority under FSP number 200039.