{"id":46747,"date":"2025-05-24T11:14:10","date_gmt":"2025-05-24T08:14:10","guid":{"rendered":"https:\/\/entarabi.com\/?p=46747"},"modified":"2025-05-27T16:04:01","modified_gmt":"2025-05-27T13:04:01","slug":"carta-secures-financial-services-permission-from-adgm","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/05\/carta-secures-financial-services-permission-from-adgm\/","title":{"rendered":"Carta Secures Financial Services Permission from ADGM"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"301\" data-end=\"431\">Carta receives Financial Services Permission (FSP) from Abu Dhabi Global Market\u2019s Financial Services Regulatory Authority (FSRA)<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"301\" data-end=\"431\">Opens new regional headquarters at Hub71 in Abu Dhabi to drive expansion<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"432\" data-end=\"508\">\n<p data-start=\"434\" data-end=\"508\">Will provide VC\/PE funds and startups across MENA with comprehensive fund operations and equity management tools<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"632\" data-end=\"1112\"><strong data-start=\"659\" data-end=\"668\">Carta<\/strong>, the world\u2019s software platform for private capital, today announced it has received <strong data-start=\"761\" data-end=\"800\">Financial Services Permission (FSP)<\/strong> from the <strong data-start=\"810\" data-end=\"860\">Financial Services Regulatory Authority (FSRA)<\/strong> of <strong data-start=\"864\" data-end=\"898\">Abu Dhabi Global Market (ADGM)<\/strong>. This milestone marks a significant step in Carta\u2019s global mission to make private markets more accessible, transparent, and equitable\u2014while unlocking a new growth phase in the Middle East and North Africa (MENA).<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1114\" data-end=\"1376\">With this license, Carta is now poised to support the region\u2019s venture capital and private equity ecosystem with its <strong data-start=\"1231\" data-end=\"1274\">end-to-end fund administration software<\/strong>, alongside <strong data-start=\"1286\" data-end=\"1299\">cap table<\/strong> and <strong data-start=\"1304\" data-end=\"1335\">equity management solutions<\/strong> tailored for startups and fund managers.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1378\" data-end=\"1405\">Strategic Base at Hub71<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1407\" data-end=\"1648\">As part of its expansion, Carta has established its regional office at <strong data-start=\"1478\" data-end=\"1494\">Hub71 WeWork<\/strong> in Abu Dhabi\u2019s financial district. This hub will serve as a strategic base to scale sales, partnerships, and community engagement across the MENA region.<\/p>\n<blockquote dir=\"ltr\" data-start=\"1650\" data-end=\"1993\">\n<p data-start=\"1652\" data-end=\"1993\"><em data-start=\"1652\" data-end=\"1715\">\u201cThe Middle East is the perfect place for Carta\u2019s expansion,\u201d<\/em> said <strong data-start=\"1721\" data-end=\"1737\">Bhavik Vashi<\/strong>, Managing Director of Carta APAC &amp; MENA.<br data-start=\"1778\" data-end=\"1781\" \/><em data-start=\"1783\" data-end=\"1993\">\u201cADGM\u2019s regulatory environment is one of the most forward-thinking globally\u2014exactly the kind of foundation needed to accelerate growth in private markets. That\u2019s why we\u2019ve made a significant commitment here.\u201d<\/em><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"1995\" data-end=\"2043\">Collaboration with Key Regional Stakeholders<\/h2>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-2\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"26fde642-0968-45ff-b3c5-82aecf197a67\" data-message-model-slug=\"o3\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<p data-start=\"46\" data-end=\"325\" data-is-last-node=\"\" data-is-only-node=\"\">Over the past few years, Carta has been working closely with government regulators and is confident that its comprehensive suite of services\u2014such as quarterly reporting, compliance services, and tax and audit readiness\u2014will effectively address the needs of the local community.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2576\" data-end=\"2606\">Official Welcome from ADGM<\/h2>\n<blockquote dir=\"ltr\" data-start=\"2608\" data-end=\"2930\">\n<p data-start=\"2610\" data-end=\"2930\"><em data-start=\"2610\" data-end=\"2669\">\u201cWe congratulate Carta on receiving their FSP from ADGM,\u201d<\/em> said <strong data-start=\"2675\" data-end=\"2696\">Arvind Ramamurthy<\/strong>, Chief of Market Development at ADGM.<br data-start=\"2734\" data-end=\"2737\" \/><em data-start=\"2739\" data-end=\"2930\">\u201cTheir entry enriches our ecosystem and aligns with Abu Dhabi\u2019s ambition to be a global financial powerhouse. We look forward to supporting their success in our forward-thinking community.\u201d<\/em><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\" style=\"text-align: left;\" data-start=\"2932\" data-end=\"2977\">Serving MENA&#8217;s Leading Funds and Startups<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"2979\" data-end=\"3056\">Carta already serves a growing list of prominent regional clients, including:<\/p>\n<ul dir=\"ltr\" style=\"text-align: left;\" data-start=\"3057\" data-end=\"3217\">\n<li data-start=\"3057\" data-end=\"3080\">\n<p data-start=\"3059\" data-end=\"3080\"><strong data-start=\"3059\" data-end=\"3078\">Global Ventures<\/strong><\/p>\n<\/li>\n<li data-start=\"3081\" data-end=\"3101\">\n<p data-start=\"3083\" data-end=\"3101\"><strong data-start=\"3083\" data-end=\"3099\">BECO Capital<\/strong><\/p>\n<\/li>\n<li data-start=\"3102\" data-end=\"3123\">\n<p data-start=\"3104\" data-end=\"3123\"><strong data-start=\"3104\" data-end=\"3121\">Cotu Ventures<\/strong><\/p>\n<\/li>\n<li data-start=\"3124\" data-end=\"3143\">\n<p data-start=\"3126\" data-end=\"3143\"><strong data-start=\"3126\" data-end=\"3141\">Outliers VC<\/strong><\/p>\n<\/li>\n<li data-start=\"3144\" data-end=\"3178\">\n<p data-start=\"3146\" data-end=\"3178\"><strong data-start=\"3146\" data-end=\"3176\">Dubai Future District Fund<\/strong><\/p>\n<\/li>\n<li data-start=\"3179\" data-end=\"3217\">\n<p data-start=\"3181\" data-end=\"3217\">Unicorns: <strong data-start=\"3191\" data-end=\"3202\">Foodics<\/strong> and <strong data-start=\"3207\" data-end=\"3217\">Kitopi<\/strong><\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"3219\" data-end=\"3399\">With the FSP in place, Carta aims to deepen partnerships, unlock operational efficiencies for emerging funds, and build a more connected private capital infrastructure across MENA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carta receives Financial Services Permission (FSP) from Abu Dhabi Global Market\u2019s Financial Services Regulatory Authority (FSRA) Opens new regional headquarters at Hub71 in Abu Dhabi to drive expansion Will provide VC\/PE funds and startups across MENA with comprehensive fund operations and equity management tools Carta, the world\u2019s software platform for private capital, today announced it [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":46745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[2464,8460,3952],"class_list":["post-46747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-carta-en","tag-fsra-en","tag-hub71-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/46747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=46747"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/46747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/46745"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=46747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=46747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=46747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}