UAE, UNFILTERED
01
Why it matters
Current ADGM status is split: M2 Custody Limited remains Active while M2 Limited's MTF permission is withdrawn. Do not describe M2 generically as an active ADGM exchange.
M2
ROBIUS / BROKER PROFILE
M2
M2 Custody Limited
FSRASelect assessmentFresh
Primary licence checkedSeptember 21, 2026Checked 38 days ago.
THE ROBIUS VIEW
Select assessment
Current ADGM status is split: M2 Custody Limited remains Active while M2 Limited's MTF permission is withdrawn. Do not describe M2 generically as an active ADGM exchange.
DECISION BRIEF
What this record means
A concise reading of the structured evidence, written for practical decision-making.
02
Account and customer reality
Current ADGM status is split: M2 Custody Limited remains Active while M2 Limited's MTF permission is withdrawn. Do not describe M2 generically as an active ADGM exchange. · Requires current customer/product documentation unless explicitly stated by the regulator; no additional custody or client-money role is inferred. · M2 Custody Limited remains Active for Providing Custody. M2 Limited, the separate MTF entity (FSP 220090), was withdrawn on 26 August 2025.
03
What to verify before acting
Current ADGM status is split: M2 Custody Limited remains Active while M2 Limited's MTF permission is withdrawn. Do not describe M2 generically as an active ADGM exchange.
Evidence strengthNeeds review
Important evidence or freshness checks are incomplete.
Last checkedSeptember 21, 2026
Next reviewNovember 5, 2026
EVIDENCE CHECK
How the assessment is supported
- Primary evidence linked2 official sources are attached.
- Freshness checkChecked 38 days ago.
- Editorial publication gateThis public version passed the system publication requirements.
- Material changes preservedNo material update has been recorded after the baseline.
01
Primary sourceLinked evidence on adgm.com
02
Editorial checkReviewed September 21, 2026
03
Next triggerRoutine evidence refresh
RELATIONSHIP INTELLIGENCE
How this record connects
Explore editorially mapped links, inbound connections and clearly labelled context derived from the published record.
UAE REGULATORY FOOTPRINT
Each licence, entity, and customer role
A brand may use several UAE legal entities. Robius records each permission separately and identifies the primary customer-facing licence.
M2 Custody Limited
Status
Licensed
Licence number
220130
Licence type
ADGM FSP — Custody; historical MTF withdrawn
Customer relevance
Operates the customer-facing service
Permitted activities
M2 Custody Limited remains Active for Providing Custody. M2 Limited, the separate MTF entity (FSP 220090), was withdrawn on 26 August 2025.
What this means for customers
Open official regulator record ↗Current ADGM status is split: M2 Custody Limited remains Active while M2 Limited's MTF permission is withdrawn. Do not describe M2 generically as an active ADGM exchange.
M2 Limited
Status
withdrawn
Licence number
220090
Licence type
ADGM FSP — Multilateral Trading Facility
Customer relevance
Select relevance
Permitted activities
Historical Operating a Multilateral Trading Facility permission withdrawn 26 August 2025.
What this means for customers
Open official regulator record ↗Historical trading entity; permission withdrawn.
ACCOUNT AND PRODUCT REALITY
What the record currently shows
verified
Current ADGM status is split: M2 Custody Limited remains Active while M2 Limited's MTF permission is withdrawn. Do not describe M2 generically as an active ADGM exchange.
Requires current customer/product documentation unless explicitly stated by the regulator; no additional custody or client-money role is inferred.
M2 Custody Limited remains Active for Providing Custody. M2 Limited, the separate MTF entity (FSP 220090), was withdrawn on 26 August 2025.
SOURCE RECORD
Official information
Every regulatory link is tied to a specific UAE entity and permission. Read the customer relevance before assuming a licence covers your account, funds, or assets.
SIDE-BY-SIDE
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RECORD HISTORY
How this intelligence evolved
Material editorial changes are preserved so readers can see when and why the public record moved.
- Evidence reviewSource checked
The supporting evidence was reviewed.
Robius checked the linked primary source and preserved the current public assessment.
- Public baselinePublished record
The first verified public version was established.
Later material edits appear above this baseline. Routine formatting changes are not shown.
No commercial relationship is recorded for this profile. Commercial relationships cannot change a Robius verdict, ranking, factual conclusion, or omission of material risk.