Ripple Secures DFSA License to Offer Crypto Payments in DIFC
Ripple has secured approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments and services within the Dubai International Financial Centre (DIFC). This makes Ripple the first blockchain-enabled payments provider to be licensed by the DFSA. This approval marks Ripple’s first regulatory license in the Middle East, reinforcing its ongoing commitment to […]
Abu Dhabi’s MGX Enters Crypto Market with $2B Investment in Binance
Binance, the world’s largest cryptocurrency exchange, has secured a $2 billion investment from Abu Dhabi-based MGX, marking the exchange’s first institutional funding round. This investment, made in stablecoins, is also MGX’s first foray into the cryptocurrency and blockchain sector, securing a minority stake in Binance. Strengthening Binance’s Global Position The deal highlights Binance’s dominant position […]
ATME Completes First Tokenized Asset Issuance with 1 Kg Gold-Backed Tokens
ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB), has achieved a significant milestone in its mission to transform capital markets. The company has successfully completed its first issuance of tokenized real-world assets (RWAs), with gold-backed tokens marking a groundbreaking step in the Kingdom’s financial sector. With the support of the […]
Emirates NBD Becomes First Tier-One Bank in UAE to Offer Crypto via Liv X
Dubai’s largest bank, Emirates NBD, has expanded its digital banking services with the launch of a retail cryptocurrency offering via its Liv X mobile banking app. The initiative, spearheaded by Liv Digital Bank, marks a significant step toward integrating digital assets into mainstream financial services in the UAE. To facilitate this offering, Liv Digital Bank […]
Tungsten Custody Solutions Gains Approval to Custody Toncoin (TON) in ADGM
Tungsten Custody Solutions, a prominent regulated digital asset custodian, is proud to announce that it has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to provide custody services for Toncoin (TON). This approval reinforces Tungsten’s reputation as a trusted custodian for institutional clients seeking secure and compliant […]
/function1: Dubai’s Premier AI Event for Startups and Innovation
As AI continues to transform industries worldwide, /function1 is launching a unique platform to spotlight AI founders and startups. The event aims to give these innovators the recognition they often lack, while uniting global leaders in AI to drive transformative change. With the AI landscape dominated by a few large players, /function1 focuses on amplifying […]
Turkey’s BankPozitif Partners with Taurus to Launch Crypto Custody Services
Turkish digital bank BankPozitif is set to introduce cryptocurrency custody services, marking a major step in the country’s growing embrace of digital assets. In collaboration with Swiss crypto platform Taurus, the bank aims to provide institutional clients with secure storage solutions for leading cryptocurrencies. Crypto Custody Rollout by Mid-2025 On March 4, BankPozitif announced its […]
HODL 2025 Announces Its Biggest Web3 Gathering in Dubai
Trescon’s flagship event, HODL 2025 (formerly World Blockchain Summit), the world’s longest-running crypto and web3 summit series, is set to return to Dubai at the Madinat Jumeirah, on 14-15 May, 2025. As a premier platform for blockchain and Web3 innovation, HODL 2025 will bring together 5,000+ Web3 Innovators and Investors, including industry leaders and high-impact […]
Hubpay and Aquanow Launch Regulated Crypto Payments for UAE Businesses
Hubpay, a UAE-based cross-border payments platform, has partnered with Aquanow, a digital asset infrastructure provider, to introduce a regulated cryptocurrency payment solution for businesses and SMEs in the UAE. This partnership enables companies in various sectors, including real estate, manufacturing, and general trading, to accept cryptocurrency payments alongside traditional fiat transactions. Aquanow ME FZE operates […]
ADGM Draws Another Key DAO: Stacks DLT Foundation Joins the Expanding Blockchain Hub
The Stacks Asia DLT Foundation has officially registered with the Abu Dhabi Global Market (ADGM), marking another milestone in the UAE’s growing blockchain ecosystem. This move reinforces ADGM’s status as a global hub for blockchain innovation, attracting leading protocols to establish their presence under its Distributed Ledger Technology (DLT) Foundations Regime. Stacks’ Expansion and Strategic […]