CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) — Halo Investing, a leading global fintech company headquartered in Chicago, USA, announced today that it has received a Financial Services License (“FSP”) from the Abu Dhabi Global Market (“ADGM”). ) ) of the Financial Services Regulatory Authority (“FSRA”) came into force on 19 January 2023.
FSP enables professional investors to benefit from Halo Investing’s award-winning technology designed to democratize access to protective investments such as structured notes.
Halo Investing plans to leverage ADGM’s position as a leading global center for innovation with regulated activities in the region.
Dedicated offices and expanded regional presence will help drive the growth of Halo Investing’s international footprint in conservation investing. The Abu Dhabi team will pursue Halo’s goal of fundamentally disrupting the structured products industry and creating more efficient markets. With its industry-leading technology, Halo is changing the investing world by democratizing the protective investing market through transparency, efficiency and financial innovation.
Halo Investing is the first multi-issuer technology platform in the US dedicated to protective investment solutions Halo was co-founded by Biju Kulathakal and Jason Barsema in 2015 with the mission of providing impactful investment opportunities previously unavailable to most investors Investment Opportunities.
In October 2021, Halo Investing announced that it had received more than $100 million in Series C financing. Halo has built a marketplace with more than 30 global banking partners to connect advisors and investors with protective investment products from leading financial institutions around the world. Through the Halo platform, financial professionals have easy access to structured products and a comprehensive set of tools to analyze, customize and execute unique portfolio construction solutions.
The FSP authorizes Halo Investing MEA Ltd. to carry on regulated activities in ADGM, including arranging investment transactions and carrying out investment transactions under the Financial Services and Markets Regulations 2015 (“FSMR”).
Jason Barsema, President of Halo Investing, said: “Halo is proud to be part of the Falcon Economy, making Abu Dhabi our launch pad to have a positive global impact. The structured notes industry demands greater transparency, efficiency and accessibility. Halo would not be able to achieve this disruption without the innovation, opportunity and scale that ADGM brings to fintech companies like Halo.”
Arvind Ramamurthy, Head of Markets, ADGM, said: “ADGM is delighted to welcome Halo Investing to our advanced ecosystem that enables global fintech companies to grow and thrive in the region. Demand for structured products that facilitate efficient and protective investment markets increasing. The introduction of Halo’s holistic products and services to meet this demand proves that the Abu Dhabi economy is attracting international companies and focusing on financial innovation. As an international financial center, ADGM Has been an advocate for a progressive, robust and well-regulated environment for business to scale and grow. “
Sadiq Hussain, Senior Executive, Halo Investing MEA, added: “We are delighted and grateful to have received our Category 3A license from FSRA. We are proud to be part of the Abu Dhabi Global Market, the most innovative financial center in the world. We Looking forward to being part of the growing ADGM ecosystem by bringing Halo’s award-winning conservation investment solutions to the UAE and delivering on our leadership’s vision of putting impact before profit.”
About Halo Investment
Founded in 2015, Halo Investing is an award-winning technology platform that is revolutionizing the way protective investing solutions are used around the world. Headquartered in Chicago with offices in Abu Dhabi and Zurich, Halo is democratizing investment solutions previously inaccessible to most investors, including structured notes, buffered ETFs and annuities. Halo’s accolades continue to grow, most recently being named one of Fast Company’s 10 Most Innovative Companies. For more information, please visit: http://www.haloinvesting.com.
Halo Investing MEA Ltd (“Halo MEA”) is licensed and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Halo MEA, a wholly owned subsidiary of Halo Investing, Inc, is authorized only to provide financial products and services to ADGM’s professional clients and market counterparties. Halo MEA acts only as a distributor/sales agent and is not an issuer or guarantor of any structured products.
Halo Investment MEA
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