Posted inEmergent Tech

AnchorFinance seeks second license from Abu Dhabi

It will serve as a gateway between crypto assets, fiat currencies, payment cards, passive income products, NFT, GameFi and Metaverse.

Anchor Finance gearing up for license from Abu Dhabi
Anchor Finance gearing up for license from Abu Dhabi

AnchorFinance, with a presence in Dubai DMCC (Dubai Multi Commodities Centre) and licensed in Europe, is gearing up for its second license in the UAE in ADGM ( Abu Dhabi Global Market).

In an interview, the two co-founders of Anchor Finance, a Decentralized Exchange and Automatic Liquidity Acquisition Yield Farm, which currently runs on BSC ( Binance Smart Chain), aim to launch on several other blockchains in the future and make “crypto for everyone”.

Bernhard Lamp and Arkadiusz Balcerek, founders of AnchorFinance stated, “We plan to cover it all in the coming years.  When we met in early 2021, coming from two different backgrounds of crypto and traditional economy, we realised that there was no solution that would properly address a gap between the traditional finance and the crypto space. Knowing already that the economy is approaching turbulent times, we were thinking about taking the best from both economies to build an ecosystem which would help Investors and community members to persist in this difficult period. This is how the name ANCHOR came up. Like on the waved sea, an anchor gives a sense of safety and balance.”

The company intends to launched various products including their AnchorLink wallet. AnchorLink will allow access to all the products of the AnchorFinance ecosystem, like AnchorSwap or AnchorExchange.

It will serve as a gateway between crypto assets, fiat currencies, payment cards, passive income products, NFT, GameFi and Metaverse. The founders added, “We will offer in a single application all the major services of the crypto and traditional finance economies, without the need of switching between different applications anymore. Our outstanding decentralised technology will make it possible for the users to profit from all the functionalities of a centralised system, keeping at the same time full control over their assets.”

Balcerek emphasized their interest in GCC,

“ AnchorFInance is looking forward to making long-term and successful partnerships in the GCC Region. We already have an office in DMCC, the Jumeirah Lake Towers district of Dubai and the next will be in Abu Dhabi, where AnchorFinance has applied for an ADGM license. It is important for AnchorFinance, especially in the crypto sector, to have a physical presence in the region to profit from its most promising financial and crypto hub.”

He adds, “We have almost finished the whole suite of our products without any external funds. We have established legal entities in Europe, Middle East and USA and we have a license for several financial activities to support our growth. The ADGM license will solidify our presence in the Middle East.”