Bhutan’s DK Bank gets ADGM in-principle approval for Abu Dhabi expansion

What happened

Bhutan’s DK Bank has received In-Principle Approval from ADGM’s Financial Services Regulatory Authority to establish a regulated subsidiary in Abu Dhabi. The approval gives the bank a pathway toward its first financial services presence outside Bhutan. DK plans to offer brokerage, custody, payments and advisory services through the Abu Dhabi entity.