Token Bay Capital Granted License for Equity and Token Investments in Crypto Start-ups, Opens New Offices in ADGM

Token Bay Capital Limited has recently been granted an in-principle approval from the Financial Services Regulatory Authority (FSRA) to carry out regulated activities in the Abu Dhabi Global Market (ADGM). This approval will allow Token Bay to invest in both equity and tokens of early-stage crypto start-ups under the FSRA’s Venture Capital Fund Manager framework.

The opening of Token Bay’s new offices in ADGM aligns with the launch of their second fund, which will focus on backing entrepreneurs building infrastructure solutions for the new token economy. Founded in 2021, Token Bay is a leading Crypto Venture Capital Fund that has taken a regulatory-first approach since its inception. The company has offices in Hong Kong as well, strategically positioning itself across digital assets hubs in the Middle East and Asia.

Lucy Gazmararian, Founder and Managing Partner of Token Bay, expressed excitement about the expansion into ADGM and the opportunity to invest in both tokens and equity. Gazmararian highlighted the importance of supporting talented founders building in Web3 by directly participating in blockchain networks and taking ownership stakes through tokens.

ADGM’s progressive regulatory framework, English common law legal system, and reputation as a leading center for financial innovation played a significant role in attracting Token Bay to establish offices in Abu Dhabi. Arvind Ramamurthy, Chief of Market Development at ADGM, welcomed Token Bay to the international financial center and emphasized ADGM’s commitment to fostering innovation in the virtual asset space.

Token Bay’s Venture Funds offer various entities the opportunity to invest in an emerging asset class at the beginning of a multi-decade cycle. The company’s expansion into ADGM marks a significant milestone in its global growth trajectory, positioning it to capitalize on the vibrant blockchain and digital assets ecosystem in the UAE capital.

Overall, Token Bay’s approval to invest in both equity and tokens of crypto start-ups in ADGM signals a new chapter in the company’s venture capital activities and underscores the growing importance of blockchain technology in the global financial landscape.