First Abu Dhabi Bank (FAB), the largest lender in the UAE by assets, has joined forces with the UAE sovereign wealth fund ADQ and holding company IHC to introduce a new dirham-backed stablecoin. This digital currency is intended for use by consumers, businesses, and institutions, pending regulatory approvals. The stablecoin will be issued by FAB...
BitGo, a leading provider of digital asset infrastructure, has announced that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license enables BitGo to offer Virtual Asset Custody Services and Staking in Dubai, following the in-principle approval it received in...
Metis Token is set to sponsor RE:ALIGN, an immersive wellness session aimed at helping participants reset, reconnect, and realign before TOKEN2049, which will take place in Dubai on April 28th. This event is designed to provide attendees with a refreshing experience as they prepare for one of the most significant gatherings in the cryptocurrency sector....
The United Arab Emirates is preparing to launch its national stablecoin, AE Coin, which is expected to significantly change how residents conduct retail payments. The introduction of this stablecoin is anticipated to be a pivotal moment in the financial landscape, especially as it encourages traditional banks to adapt to this evolving payment system. AE Coin...
Oxbridge Re Holdings Limited (Nasdaq: OXBR) and its subsidiary SurancePlus will participate in TOKEN2049 Dubai, a major blockchain event scheduled for April 30 to May 1, 2025, at the Madinat Jumeirah in Dubai, UAE. The event is anticipated to attract more than 15 000 attendees from over 160 countries, featuring participation from more than 4...
Under the prestigious Dubai Token 2049 banner, Meta Crypto Oasis 2025 is set to become one of the year’s most significant Web3 events. Sponsored by FEC, this global gathering will highlight how everyday actions can be transformed into real digital value, reinforcing Dubai’s status as a global epicenter of innovation and ambition. More than just...
Cantor Fitzgerald is embarking on a significant cryptocurrency venture in collaboration with Tether and Japanese technology investor SoftBank Group. The partnership aims to purchase bitcoin, capitalizing on the anticipated growth in interest for digital currencies under U.S. President Donald Trump’s administration. On Wednesday, it was announced that Cantor Equity Partners, a blank-check vehicle, will merge...
UAE-based crypto startup Resolv Labs has successfully raised US$10 million in seed funding. This funding round was led by Cyber.Fund and Maven11, with additional contributions from notable investors including Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures, Gumi Cryptos, NoLimit Holdings, and Robot Ventures. Founded in 2023 by Ivan Kozlov, Fedor Chmile, and Tim Shekikhachev,...
DIA (Decentralised Information Asset) will participate in Token2049 Dubai, highlighting their support for the upcoming event titled “Somnia — a Fully On-chain World’s Road to Mainnet.” This event is scheduled to take place in Dubai on May 1st. DIA expressed their enthusiasm for the event, stating that they will be present for the week and...
Standard Chartered, a licensed crypto custodian in the UAE, has partnered with OKX to introduce a collateral mirroring program. This initiative, operating under the regulatory framework of Dubai’s Virtual Asset Regulatory Authority (VARA), allows institutional clients to use crypto and tokenized money market funds as off-exchange collateral for trading. According to MSN, the pilot program...