Zodia Markets, a crypto brokerage backed by Standard Chartered, has received an operational license from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). The license allows Zodia to operate as a crypto brokerage and provide over-the-counter trading services for institutions. The company is considering building a trading and innovation hub under the ADGM framework. Zodia supports over 50 digital assets and more than 20 fiat currencies. It recently acquired Elwood Capital Management, a crypto company backed by hedge fund billionaire Alan Howard. Other crypto companies such as Paxos, Binance, and eToro have also received licenses from ADGM in recent years.



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