Chicago-headquartered Halo Investing has secured financial services permissions from Abu Dhabi Global Market (ADGM)’s Financial Services Regulatory Authority (FSRA).
The FSP authorised Halo Investing MEA to conduct regulated activities in the ADGM, including arranging deals in investments and dealing in investments.
The Abu Dhabi team will bid to “fundamentally disrupt the structured products industry”.
Halo Investing is a multi-issuer technology platform dedicated to protective investment solutions. The firm was co-founded by Biju Kulathakal and Jason Barsema in 2015 with a mission to provide access to impactful investment opportunities previously unavailable to most investors.
In October 2021, Halo Investing announced $100m (£83m, €94m)-plus round of Series C funding.
Barsema, president at Halo Investing, said: “Halo is honored to be a part of the Falcon Economy, making Abu Dhabi our launchpad to create a positive global impact. The structured note industry needs more transparency, efficiency, and accessibility.
“Halo cannot deliver this disruption without the innovation, opportunity, and scale ADGM brings fintechs like Halo.”