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Abu Dhabi Global Market

Coordinates: 24°30′04″N 54°23′20″E / 24.50105°N 54.38884°E / 24.50105; 54.38884
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(Redirected from Sowwah Square)
Abu Dhabi Global Market
AbbreviationADGM
Formation2013
Legal statusactive
HeadquartersAl Maryah Island, Abu Dhabi, United Arab Emirates
Websitehttps://www.adgm.com/

Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located on Al Maryah Island in the United Arab Emirates's capital, Abu Dhabi.[citation needed] The financial centre was established in 2013 and became fully operational in October 2015.[citation needed] It has three authorities – the financial services regulator, the registration bureau and the ADGM courts, whose Chief Justice is Lord Hope of Craighead.[1][2]

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".[3]

ADGM regulates the trading of digital assets and became an attractive jurisdiction for crypto companies after it introduced digital asset regulation in 2018.[4] That same year ADGM joined the World Alliance of International Financial Centers.[5]

See also

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References

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  1. ^ "ADGM | Home". www.adgm.com. Retrieved 2018-08-20.
  2. ^ "ADGM FREE ZONE". www.sovereigngroup.com. Retrieved 2020-04-06.
  3. ^ "Abu Dhabi Global Market Announces Headquarters Building On Al Maryah Island #AbuDhabi - Abu Dhabi City Guide". www.abudhabicityguide.com. Retrieved 2018-08-20.
  4. ^ "The countdown to regulated crypto trading in the UAE". AMEinfo.com. 20 March 2020.
  5. ^ "WAIFC Publication on "The role of financial centers in driving economic growth"". Authority WAIFC. Retrieved 2020-08-22.
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24°30′04″N 54°23′20″E / 24.50105°N 54.38884°E / 24.50105; 54.38884