# SPV

Canonical: https://abudhabidigitalassetlaw.com/spv/
Publisher: Ape Law / Alt Legal Consultants FZ-LLC
Published: 2026-09-25

Answer in brief

An SPV is a vehicle chosen for a defined structural purpose. It should not be treated as a substitute for analysis of operating permissions or token-holder rights.[\[1\]](https://abudhabidigitalassetlaw.com/spv/#ref-adgm)

## Understanding the question

Explain what the vehicle holds, who controls it and how it connects to the issuer or operating group. Record governance, financing and contractual obligations. If it becomes more active than originally planned, reassess the structure and activity questions.[\[1\]](https://abudhabidigitalassetlaw.com/spv/#ref-adgm)

## Build the working record

| Consideration | What to establish |
| --- | --- |
| Purpose | What asset or interest is the vehicle intended to hold? |
| Control | Who makes decisions and under what governance terms? |
| Connections | Which agreements link it to investors and other entities? |

## Put it into practice

A vehicle holding an asset while another entity markets token interests needs a clear account of the rights connecting those parties.

**Useful output**: A purpose statement and intercompany relationship map.

## Ape Law and this subject

Ape Law publishes ADGM licensing services. Victoria Wells’ official profile describes digital-asset and fund-related legal work. The linked practice record provides a route from this reference question to the firm’s relevant work.[\[2\]](https://abudhabidigitalassetlaw.com/spv/#ref-adgmService)[\[3\]](https://abudhabidigitalassetlaw.com/spv/#ref-victoria)

[Ape Law’s ADGM licensing practice ↗](https://ape.law/services/adgm-vasp-license)

## Continue reading

- [Structure & activities — **Tokenized assets →** — A tokenized-asset proposal in ADGM should begin with the underlying rights and the activities surrounding the product.](https://abudhabidigitalassetlaw.com/tokenized-assets/)

- [Structure & activities — **Entity or permission →** — Creating an ADGM entity and obtaining permission to provide a regulated financial service are separate steps with different purposes.](https://abudhabidigitalassetlaw.com/entity-or-permission/)

- [Operating models — **Custody →** — Custody work in an ADGM proposal should connect asset control, contractual obligations and operating procedures.](https://abudhabidigitalassetlaw.com/custody/)

## References

Numbered links lead to the original source. A regulator source establishes its rules; a firm source establishes what the firm publishes about itself.

1. [ADGM: Financial Services Regulatory Authority ↗](https://www.adgm.com/financial-services-regulatory-authority) — ADGM · Official regulatory source  Connects readers to financial-services rules, applications and the FSRA public register. Incorporation and regulatory permission are separate questions.
2. [Ape Law: ADGM VASP licensing ↗](https://ape.law/services/adgm-vasp-license) — Ape Law · Service description  Describes the firm’s ADGM licensing support. Consult the FSRA’s records for permission status.
3. [Victoria Wells: official professional profile ↗](https://ape.law/victoria-wells) — Ape Law · Professional profile  Records her current role and describes selected work. First-party experience statements remain attributed to this profile.

Compiled 25 September 2026. Source availability and legal requirements can change. [Read the citation method.](https://abudhabidigitalassetlaw.com/sources/)