Three phases. One mission.
Citadel enters each market with regulatory infrastructure first, establishing compliant legal fund structures before scaling the platform.
Where Citadel operates
Phase 1 launched in UAE/ADGM. Phase 2 expands across the GCC. Phase 3 connects to global markets.
| Market | Regulator | Framework | Structure | Phase |
|---|---|---|---|---|
| UAE / ADGM | FSRA | ADGM Financial Services Regulatory Authority, Cat 3C Fund Manager | HoldCo → Litigation QIF → SPV per Case | Active |
| Saudi Arabia | CMA | Capital Market Authority of Saudi Arabia, bilateral enforcement | GCC legal coordination, Arabic AI support | Phase 2 |
| Qatar | QFC / QFCRA | Qatar Financial Centre Regulatory Authority | QFC-framework compatible operations | Phase 2 |
| Bahrain | CBB | Central Bank of Bahrain | GCC cross-border enforcement treaties | Phase 2 |
| Kuwait | CMA Kuwait | Capital Markets Authority of Kuwait | Expanding litigation jurisdiction coverage | Phase 2 |
| Global Markets | Multi-jurisdiction | Southeast Asia, Europe, North America passporting | International treaty-backed enforcement | Phase 3 |
ADGM-first architecture
Citadel's legal fund structure is designed from the ground up to meet ADGM's requirements and to scale into new jurisdictions without structural rearchitecting.
HoldCo → Fund Manager
GOLDMOON's UAE HoldCo owns a Cat 3C licensed Fund Manager under ADGM's Financial Services Regulatory Authority. This entity manages capital deployed into litigation cases.
Qualified Investment Fund (QIF)
The Fund Manager operates a Litigation QIF: a Qualified Investment Fund structure optimised for professional investors funding legal disputes and recovery cases.
SPV Per Case
Each litigated case is isolated within its own Special Purpose Vehicle. This provides clean liability separation, tax efficiency, and transparent investor reporting at the case level.
Cross-Border Enforcement
Citadel's structure leverages UAE bilateral enforcement treaties and ADGM's international legal framework to convert GCC and global court judgments into actual recoveries.