Bhutan’s DK Bank gets ADGM in-principle approval for Abu Dhabi expansion
Bhutan’s DK Bank plans a regulated subsidiary in Abu Dhabi. It would offer brokerage, custody, payments and advisory services, and connect Gelephu Mindfulness City with international investors.
Via TNW | Contributed
Qasr Al Hosn and the Abu Dhabi skyline
Credit: Jiho Choi on Unsplash
Bhutan’s DK Bank has received In-Principle Approval from ADGM’s Financial Services Regulatory Authority to establish a regulated subsidiary in Abu Dhabi. The approval gives the bank a pathway toward its first financial services presence outside Bhutan.
DK plans to offer brokerage, custody, payments and advisory services through the Abu Dhabi entity. That is subject to meeting the conditions of the approval and securing a final Financial Services…
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