Swiss private bank Maerki Baumann gains ADGM approval for UAE crypto unit
Swiss private bank Maerki Baumann & Co. Ltd. has won authorization from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate its crypto unit in the UAE. The FSRA will supervise the unit, meaning the bank can carry out crypto-related activities within ADGM’s regulatory perimeter. The approval, announced Feb. 5, 2026, signals formal regulatory recognition for Maerki Baumann’s regional expansion.
The move strengthens ADGM’s standing as a hub for regulated crypto services and underscores growing interest from established European private banks in the Gulf market. For clients, the approval should provide clearer legal and compliance protections under ADGM rules; for Maerki Baumann, it creates a regulated onshore base to serve Middle East clients and pursue digital-asset services. The development echoes a wider trend of legacy financial firms seeking compliant footprints in fast-growing crypto jurisdictions.