Metalpha Forms Joint Venture with Gewan Holding and Zodia Markets to Enter Middle East Digital Asset Market

​Metalpha Technology Holding Limited has announced the formation of a joint venture with Abu Dhabi-based Gewan Holding and Zodia Markets, a subsidiary of Standard Chartered, to establish ZMG7 LLC. This venture aims to accelerate the development of the digital asset market in the Middle East, marking a key milestone in Metalpha's global expansion strategy and enhancing the UAE’s role as a central hub for digital asset management.

Gewan Holding, based in Abu Dhabi, is known for its diverse portfolio of strategic investments across various industries. The company has been a driving force in the UAE’s financial sector, contributing to the innovation and growth of the region's economy. Zodia Markets, launched in 2021 by Standard Chartered in collaboration with OSL, serves as the bank's entry into the digital asset infrastructure space. With a presence across emerging markets, including Asia, Africa, and the Middle East, Standard Chartered's involvement brings substantial expertise to the joint venture.

Metalpha’s subsidiary, Metalpha Limited, will work with Gewan Holding and Zodia Markets to create a platform that aims to drive the adoption of digital assets in the Middle East. The initiative reflects the growing interest in fintech innovation and the establishment of digital asset regulatory frameworks in the UAE. With the region actively positioning itself as a leader in fintech and blockchain technology, the joint venture will look to capitalize on these developments and provide a fully compliant and competitive digital asset trading and wealth management platform.

Adrian Wang, CEO of Metalpha Technology Holding Limited, commented on the collaboration: "This partnership represents an exciting opportunity to expand digital assets in the Middle East. We are committed to playing a pivotal role in driving the mass adoption of digital assets in the region, and we look forward to further strengthening our presence in this rapidly evolving market."

As part of the joint venture, Metalpha will contribute its expertise in derivatives innovation, market structure optimization, and risk management to ZMG7 LLC. The collaboration seeks to create a seamless and secure platform that can meet the growing demand for digital asset services in the region. By combining Metalpha’s technical capabilities with Gewan Holding’s local expertise and Zodia Markets’ established presence in global markets, the venture is positioned to offer a comprehensive solution for both individual and institutional investors.

The launch of ZMG7 LLC highlights the growing importance of the Middle East in the global digital asset ecosystem. As regulatory clarity and infrastructure for digital assets continue to improve in the region, the joint venture is poised to play a significant role in shaping the future of digital asset management and trading.