South Korean crypto venture capital firm Hashed has received regulatory clearance from Abu Dhabi Global Market (ADGM), marking its entry into the Middle East’s regulated financial ecosystem. The approval allows the company to offer investment advisory services, manage assets, and operate collective investment funds within a structured legal framework.
Through its subsidiary Hashed Global Management Limited, the firm can now cater to institutional investors under ADGM’s oversight, where compliance is enforced by the Financial Services Regulatory Authority. This milestone enables Hashed to bridge Middle Eastern institutional capital with innovative global startups and markets.
Seokwon Hong, the entity’s licensed director, emphasized that the permission facilitates collaboration with regional investors in a secure environment. The company intends to leverage this approval to channel investment flows between the UAE and South Korea while fostering partnerships across diverse markets.
Abu Dhabi’s financial free zone has become a magnet for crypto firms seeking regulatory clarity. Leading names like Binance, Circle, and Tether have already secured approvals to operate there. Earlier this year, Ondo Finance also gained ADGM permission to list tokenized stocks and ETFs via a regulated trading platform run by Binance.
Hashed’s move signals growing confidence in ADGM as a hub for digital asset innovation, with more firms expected to follow suit as the region strengthens its crypto-friendly policies.