OCAB HOLDERS — MIGRATION TO DIGITAL SECURITIES ACTIVITIES
62) This section of the Guidance sets out the FSRA's views as to how entities undertaking the Regulated Activity of Operating a Crypto Asset Business (OCAB) can migrate from (or add to) their Regulated Activities by undertaking Digital Securities-related Regulated Activities as well (across RIEs, MTFs, and DSFs). OCAB Holders (whether Crypto Asset Exchanges, Crypto Asset Custodians or other intermediaries) wishing to expand into Digital Securities markets will need to apply to the FSRA for the relevant additional regulatory approvals to do so.
63) Please note that OCAB Holders are not able to conduct financial services related to Digital Securities, as they are only licenced to operate within Accepted Crypto Asset markets. As such, OCAB Holders wanting to conduct Digital Securities-related financial services within ADGM markets will need to obtain additional regulatory approvals from the FSRA.