21/09/2026
Rasma Legal and AJMS LG worked alongside the consortium of International Holding Company (IHC), First Abu Dhabi Bank (FAB), and Sirius International Holding in achieving a significant regulatory milestone in the UAE.
Throughout the engagement, we supported the licensing journey by assisting with regulatory strategy, legal structuring, compliance advisory, and application preparation, helping the team secure the Central Bank of the UAE’s approval of the DDSC Stablecoin.
Approved as one of the few fully regulated stablecoins in the market, DDSC is pegged 1:1 to the UAE dirham and settles on ADI Foundation Chain. This approval represents a meaningful advancement in compliant digital payments and institutional-grade financial infrastructure within the region.
The regulatory approvals include:
- Dirham Payment Token Issuance License;
- UAE’s first Payment Token Custody & Transfer License;
- UAE’s first Payment Token Conversion License; and
- Stored Value Facilities framework enablement
We extend our sincere appreciation to the consortium teams for their collaboration, professionalism, and trust in the Rasma Legal and AJMS Global teams throughout every stage of the engagement.