Thomas Zeeb, former global head – exchanges at SIX,  said on LinkedIn:

Some of you may have wondered where I disappeared to over the past few months.

Since leaving SIX at the end of 2023, I have been working with a subsidiary of IHC in Abu Dhabi to establish a digital Securities Infrastructure in the ADGM freezone as part of Abu Dhabi’s agenda to establish a globally-oriented Financial Centre. The mandate is to establish a venue for international issuers and investors establishing themselves or investing in the region, and a gateway to international investors and securities for domestic issuers and investors.

I am delighted to finally be able announce the launch of Finstreet Ltd, a holding company encompassing:

Finstreet Capital Ltd – Private Markets Issuance and Advisory
Finstreet Global Markets Ltd – Multilateral Trading Facility
Finstreet Global Clearing and Settlement Ltd – Central Securities Depository and Digital Settlement Facility
which will introduce the first regulated digital venue for trading both digital and traditional, as well as private and secondary market securities in the Abu Dhabi Global Market ADGM.

This is the first milestone in an ambitious strategy and plan which will unfold over the next couple of years and I am looking forward to capitalizing on all of the opportunities here as we move forward.

Source: Thomas Zeeb

Finstreet, a Rorix Holdings Company, to Launch First Regulated Digital Venue in ADGM for trading both Private and Public Securities

Rorix Holdings’ subsidiary, Finstreet, announces the granting of eight licences to its subsidiary entities to launch the first Digital MTF, Central Securities Depository, Private Financing Platform under one ecosystem.

This category defining financial market infrastructure, and its combination of activities, makes it the first of its kind to operate across the global markets from Abu Dhabi’s ADGM. Following direct application of English common law under the regulation and supervision of the FSRA, Finstreet provides a platform for transitioning towards the future of capital markets as they respond to the opportunities presented by new technologies.

Finstreet’s three subsidiaries will be the first regulated, global market infrastructure to offer an end-to-end hybrid traditional and blockchain-powered ecosystem to investors and issuers, covering the full lifecycle of financial assets, including origination, issuance, trading, settlement and custody.

Dr. Thani bin Ahmed Al Zeyoudi, theExecutive Chairman of Rorix Holdingsstated: “Today’s launch of Finstreet and the granting of its FSP license by ADGM’s Financial Services Regulatory Authority is a testament to the UAE’s commitment to embracing technological advancement and enabling inclusive global trade. I am certain that Finstreet’s digitized trade exchange platform will provide markets with a holistic approach towards international trade and bring a new standard to capital markets on a global scale.”

H.E. Ahmed Jasim Al Zaabi, the Chairman of Abu Dhabi Global Market (ADGM) stated: “Finstreet’s pioneering initiative embodies ADGM’s unwavering commitment to driving innovation and redefining the future of global finance. By establishing the first regulated digital market for the trading of both public and private securities within our jurisdiction, we are further solidifying Abu Dhabi’s status as a premier global financial hub. This launch not only reinforces our strategic vision of positioning Abu Dhabi at the heart of global finance but also propels economic growth and enhances connectivity across the global marketplace.”

Ajay Hans Raj Bhatia,the Chief Executive OfficerofSirius International Holding andManaging DirectorofFinstreet said: “With this initiative, we further our mission to diversify UAE’s economic growth agenda. Finstreet provides a foundation for a new, innovative infrastructure to allow global financial market participants to both realise their own capital raising ambitions and participate in the substantial growth story of UAE-based firms.”

Sunidhi Pasan,theChief Executive Officerof Finstreet Limited added: “By harnessing Finstreet’s innovative infrastructure and deep market knowledge, we are opening up new avenues for investment and trading for issuers and investors both in the region and abroad.

Source: Finstreet