A Memorandum of Understanding (MoU) between Crypto.com and Changer.ae, a virtual asset service provider governed by Abu Dhabi Global Market (ADGM), aims to increase access to regulated digital asset services in the UAE.
With a comprehensive legislative framework governing virtual assets, custody, and digital asset infrastructure, the agreement underlines the UAE’s ongoing efforts to establish itself as a worldwide center for digital finance.
The companies will investigate initiatives, such as integrating Crypto.com’s institutional solutions to facilitate and support liquidity for Changer’s cryptocurrency-fiat conversion services, as well as other regulated digital-asset custody and related use cases, provided they receive the necessary regulatory approvals.
The partnership seeks to promote the responsible adoption of digital assets by fusing Changer’s FSRA-licensed and ADGM-authorized platform, local market knowledge, and Crypto.com’s worldwide infrastructure and regulatory skills.
“This partnership aligns with the UAE’s broader strategy to foster innovation in financial services while maintaining strong regulatory oversight,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. “As a global company it’s important for us to have strong local partners who support our endeavours to provide a best in class service to our users and accelerate the adoption of digital assets and that’s what we’re getting with Changer.ae.”
“The UAE has established itself as a jurisdiction where innovation and regulation move in parallel,” said Mr. Hao Wang, CFA, Senior Executive Officer of Changer “Through this collaboration with Crypto.com, we aim to broaden secure and compliant access to digital assets for users and businesses, in line with the country’s vision for a resilient and future-ready digital economy.”
“Expanding our reach in the UAE while supporting innovation in the digital assets industry is paramount to us,” said Alain Yacine, President of Middle East and Latin America of Crypto.com. “Changer has led the way in offering a regulated, secure and convenient wallet and custody solution for its users and we’re excited to see how our technology and services can not only enhance this offering but also look at other ways to boost the local crypto sector through our joint expertise.”
One of the most well-known virtual asset jurisdictions in the region is Abu Dhabi Global Market, which provides a thorough framework with an emphasis on institutional-grade standards, market integrity, and consumer protection.
Founded in 2016, Crypto.com is the industry leader in security, privacy, and regulatory compliance, with millions of users worldwide. It has a straightforward vision: Cryptocurrency in Every WalletTM. Crypto.com is dedicated to using innovation to hasten the adoption of cryptocurrencies.
The Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) has granted Changer.ae a license as a regulated virtual asset service provider. Changer, which has its headquarters in ADGM, Abu Dhabi, provides safe and legal digital asset services to people, companies, and institutions in the United Arab Emirates. Visit https://changer.ae to find out more.
