Klickl is the latest cryptocurrency platform to receive the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM).

The IPA allows the company to operate as a broker-dealer and provide digital asset custody services on Al Maryah Island, the financial free zone under ADGM’s jurisdiction.

Formerly known as IDCM, the platform recently rebranded to Klickl as it aims to become an “all-in-one crypto super app”.

“The regulated route is the only route for any crypto company’s growth if it wants to be a serious player for the long run,”

said Michael Zhao, Co-Founder and CEO at Klickl.