Changer.ae Introduces Crypto Custodian Services in the UAE

Abu Dhabi has recently witnessed the official launch of Changer.ae Ltd, a premier independent crypto custodian service aimed at securing users’ virtual assets.

This platform provides a reliable, accessible wallet catering to individuals worldwide, prioritizing the safety and management of digital assets.

Regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in the UAE, Changer operates in compliance with strict rules and regulations concerning safe custody provisions and technology governance.

The MENA region is witnessing a surge in cryptocurrency adoption, and the United Arab Emirates stands at the forefront by fostering a regulatory environment that’s robust and forward-thinking. The UAE's proactive approach in attracting global businesses focused on digital assets has led to increased investment and a positive outlook for the region.

Changer’s entry into the custody services realm aligns with the escalating demand for independent custody and fund administration of digital assets from both asset managers and owners. Distinguished as the only regionally built, independent custody provider, Changer stands out in the UAE market. Its premium wallet operates on a transparent, subscription-style monthly service based on assets held under custody.

In a bid to bolster its operations, Changer is currently waiving custody fees for early adopters, a move slated to commence in Q1 2024. The platform assures users a secure, insured wallet fortified with advanced encryption and multi-signature authorization security systems.

Changer’s user-friendly mobile application, available for download from major app stores, facilitates the seamless opening of accounts for cryptocurrency investors globally. Following the custody services launch, Changer is gearing up to introduce additional features in early Q1 2024, enabling users to convert their virtual assets into fiat currencies and hold them in escrow arrangements with a strategic bank partner yet to be disclosed.

Nadeem Ladki, Senior Executive Officer of Changer, expressed delight at the global launch, emphasizing the platform’s commitment to providing a safe, trusted counterpart for widespread digital asset adoption. Ladki highlighted the UAE’s balanced approach to digital asset adoption and financial regulation, positioning it as an ideal market for Changer’s premium crypto custodian service platform.

Committed to securing and managing digital assets, Changer.ae provides reliable solutions that prioritize protection and growth of crypto investments, bolstered by cutting-edge technology and stringent regulatory compliance.