Abu Dhabi Global Market (ADGM) is an international
financial centre
A financial centre (financial center in American English) or financial hub is a location with a significant concentration of commerce in financial services.
The commercial activity that takes place in a financial centre may include banking, ...
and
free zone located on
Al Maryah Island in the
United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...
's capital,
Abu Dhabi
Abu Dhabi is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's List of cities in the United Arab Emirates, second-most popu ...
. The financial centre was established in 2013 and became fully operational in October 2015. It has three authorities – the financial services regulator, the registration bureau and the ADGM courts, whose Chief Justice is
Lord Hope of Craighead
James Arthur David Hope, Baron Hope of Craighead (born 27 June 1938) is a retired Scotland, Scottish judge who served as the Lord President of the Court of Session and Lord Justice General, Scotland's most senior judge, and later as first Deput ...
.
In January 2015, the Abu Dhabi Global Market announced that it had renamed the location it was based in, “Sowwah Square”, to "
Abu Dhabi Global Market Square".
ADGM regulates the trading of digital assets and became an attractive jurisdiction for
crypto
Crypto commonly refers to:
* Cryptography, the practice and study of hiding information
* Cryptocurrency, a type of digital currency based on cryptography
Crypto or krypto may also refer to:
Cryptography
* Cryptanalysis, the study of methods f ...
companies after it introduced digital asset regulation in 2018. That same year ADGM joined the
World Alliance of International Financial Centers.
See also
*
List of financial regulatory authorities by country
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set ...
*
List of official business registers
This is a list of official business registers around the world.
There are many types of official Company register, business registers, usually maintained for various purposes by a state authority, such as a government agency, or a court of law ...
References
External links
*
Abu Dhabi Global Market (ADGM) – MSATC
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2013 establishments in the United Arab Emirates
Organizations established in 2013
Organisations based in Abu Dhabi
Geography of Abu Dhabi
Economy of the Emirate of Abu Dhabi
Financial districts in the United Arab Emirates
Free-trade zones of the United Arab Emirates