[Alpaca's Middle East Entity Receives In-Principle Approval from Abu Dhabi FSRA] Foresight News reports that Alpaca, a licensed U.S. brokerage and tokenized equity infrastructure provider, tweeted that its entity, Alpaca Clearing & Custody ME Ltd (Alpaca Middle East), has received in-principle approval (IPA) from the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA) for its application for a financial services license. Following the grant of the license, Alpaca Middle East plans to offer brokerage and virtual asset custody services within the scope of the final FSRA approval. Alpaca stated that the in-principle approval is not equivalent to a full financial services license, and Alpaca Middle East may not conduct regulated activities within or from the ADGM until the relevant license is obtained.