Finstreet Multi-party Digital Platform in Abu Dhabi
“Finstreet,” a subsidiary of “Rorix Holdings,” has announced that it has obtained eight licenses for its subsidiary entities.
In order to launch the first multi-party digital platform for securities trading and central depository services.
This platform, known as the “Private Finance Platform,” operates within a comprehensive and unified system.
Finstreet aims to become the first global infrastructure entity to operate across international financial markets.
Starting from Abu Dhabi Global Market (ADGM).
It will provide a digital trading platform that embraces the opportunities presented by new technologies.
Leveraging direct application of English common law under the supervision of the Financial Services Regulatory Authority in ADGM.
Combining Traditional Approaches with Blockchain Technology
The three entities under Finstreet will constitute the first regulated global market infrastructure.
Offering an integrated system and hybrid services that combine traditional approaches with blockchain technology.
These services cover the entire financial asset lifecycle, including issuance, trading, settlement, and custody.
Dr. Thani bin Ahmed Al Zeyoudi, Executive Chairman of Rorix Holdings, expressed confidence in Finstreet digital trading exchange.
As it will provide a comprehensive approach to international trade and set a new standard for global capital markets.
Ahmed Jassim Al Zaabi, Chairman of Abu Dhabi Global Market, emphasized that Finstreet’s pioneering initiative reflects ADGM’s commitment to innovation and reshaping the future of global finance.
They aim to solidify Abu Dhabi’s position as a leading global financial center.
By establishing the first regulated digital market for both public and private securities within ADGM.
The official visit of His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to the friendly Republic of India embodies the depth of the solid strategic and historical relations between the two friendly countries. pic.twitter.com/rqS4KM203H
— UAE Voice (@uae_voiceeng) September 9, 2024
New Investment and Trading Opportunities
Ajay Hans Raj Bhattacharya, Managing Director of Finstreet, highlighted their mission to diversify the economic growth agenda in the UAE.
The company innovative infrastructure will enable market participants to achieve their capital-raising ambitions.
It will also contribute to the growth story of companies headquartered in the UAE.
Sonidee Basan, CEO of Finstreet Limited, emphasized that Finstreet will open new investment and trading opportunities for investors within and beyond the region.
By harnessing innovative infrastructure capabilities and deep market knowledge.
