Crypto Custodian Services Provider Changer.ae Goes Live in the UAE

Changer.ae Ltd has officially launched independent crypto custodian service, providing individual customers with a convenient, and accessible wallet to safeguard and manage their digital assets.

Based in the UAE, the platform is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

This launch responds to an increasing demand for independent custody and fund administration of digital assets from asset managers and asset owners.

"We are happy to witness the successful launch of Changer.ae, as the region’s first locally built, independent virtual asset custody provider catering to individuals," commented Nadeem Ladki, Senior Executive Officer of Changer.ae. "We are proud to launch Changer.ae in the UAE, as the Nation has a well-balanced approach to digital asset adoption and financial regulation, thus making it a great market for our premium."

In addition, the platform is planning to introduce additional services in early Q1 2024 which will enable its users to convert their virtual assets into fiat currencies and hold those in escrow (client-money account) arrangements with a strategic bank partner.