Waystone Gains CSP License in Abu Dhabi Global Market
What happened
Waystone was granted a Company Service Provider (CSP) license in the Abu Dhabi Global Market (ADGM) on October 13, 2026. This license enables the firm to offer corporate services in ADGM, complementing its existing operations in the Dubai International Financial Centre (DIFC) and onshore UAE. The expansion allows clients to utilize a single provider across the UAE’s main financial markets.
Why it matters
The move supports continued growth in the UAE’s financial services sector, particularly in ADGM and DIFC. Waystone expects demand for its ADGM offering to come from sectors that use specialist Special Purpose Vehicle (SPV) structures, such as aviation finance and leasing.
Who's involved
- Middle EastGeopolitical region where Waystone is expanding its corporate services offering.
- Abu DhabiLocation where Waystone received the Company Service Provider license.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Middle EastSpeculative
The expansion could increase demand for corporate services within the Middle East.
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The entities involved
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Ireland
sovereign state in Northwestern Europe
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Singapore
sovereign island country and city-state in maritime Southeast Asia