MAG Signs Strategic Partnership with Multibank Group to Tokenize $3 Billion Real Estate Assets

MAG Signs Strategic Partnership with Multibank Group to Tokenize $3 Billion Real Estate Assets

Dubai, United Arab Emirates, 1 May 2025: MAG, the leading real estate developer in the UAE has signed a historic $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator — marking the largest real-world asset (RWA) tokenization initiative globally to date. The […]

Eight Major MENA Banks Adopt JPMorgan's Kinexys Blockchain Platform for Cross-Border Payments

Eight Major MENA Banks Adopt JPMorgan’s Kinexys Blockchain Platform for Cross-Border Payments

Dubai, UAE – May 2, 2025 — JPMorgan’s blockchain arm, Kinexys (formerly Onyx), has made significant inroads into the Middle East and North Africa (MENA) region, with eight of the region’s largest banks now leveraging its blockchain-based payments infrastructure. Among the confirmed financial institutions are; Qatar National Bank Saudi National Bank First Abu Dhabi Bank […]

IHC, ADQ and FAB pioneer UAE Dirham-backed Stablecoin for the Digital Economy

IHC, ADQ and FAB pioneer UAE Dirham-backed Stablecoin for the Digital Economy

Three major UAE institutions pioneer a new stablecoin as founding partners.​​​​ The stablecoin launch led by three leading UAE entities will put the UAE at the forefront of blockchain innovation, strengthening UAE’s digital infrastructure. Businesses and consumers to benefit from trusted network with the UAE’s Central Bank oversight. Abu Dhabi, UAE – IHC, ADQ, and First […]

Dubai-based Fasset Secures Sandbox License to Launch Pakistan’s First Tokenized Gold Solution

Dubai-based Fasset Secures Sandbox License to Launch Pakistan’s First Tokenized Gold Solution

Islamabad, April 29, 2025 — Fasset, a leading digital asset platform focused on fostering financial inclusion in high-growth markets, has officially introduced Pakistan’s first gold tokenization solution under a Regulatory Sandbox license approved by the Securities and Exchange Commission of Pakistan (SECP). By leveraging blockchain technology, Fasset’s latest innovation enables secure, transparent, and fractionalized investments in physical gold, […]

Daleel becomes Middle East’s First Minancial Marketplace to integrate Binance Cryptocurrency Products

Daleel becomes Middle East’s First Minancial Marketplace to integrate Binance Cryptocurrency Products

Dubai, United Arab Emirates and Manama, Bahrain: Daleel, the Middle East’s leading personalized financial marketplace has announced it will integrate and showcase cryptocurrency products from Binance, the world’s largest crypto exchange by trading volume. Through the Binance Link Program, Daleel will be able to access the top 10 crypto trading pairs from the largest and most […]

BitGo secures VASP License from VARA to provide Custody Services in Dubai

BitGo secures VASP License from VARA to provide Custody Services in Dubai

Dubai, UAE – BitGo, the leading infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval follows BitGo’s receipt of the in-principle […]

ruya becomes first Islamic bank globally to offer Virtual Asset Investments including Bitcoin

ruya becomes first Islamic bank globally to offer Virtual Asset Investments including Bitcoin

Ajman, UAE: ruya (رويا), the UAE’s digital-first Islamic bank, is proud to announce a pioneering step in the region’s banking industry. In an unprecedented move, ruya has become the first Islamic bank globally to enable customers to buy and sell virtual assets, commonly known as “cryptocurrencies” including Bitcoin, directly through its mobile app. This service is part of ruya’s broader […]

Standard Chartered and OKX launch world-leading Collateral Mirroring Programme

Standard Chartered and OKX launch world-leading Collateral Mirroring Programme

London, Dubai – Standard Chartered and OKX, a leading cryptocurrency exchange and global onchain technology company, today announced the launch of a ground-breaking, world-leading collateral mirroring programme, enabling institutional clients to utilise cryptocurrencies and tokenised money market funds as off-exchange collateral for trading. This initiative significantly enhances security and capital efficiency for institutional clients by using a […]

Bitget to Burn $120 Million worth of BGB for Upcoming Quarterly Burn

Bitget to Burn $120 Million worth of BGB for Upcoming Quarterly Burn

Global, April 9, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced a significant update to the burn mechanism of Bitget Token (BGB). This enhancement introduces a utility-based model that ties BGB’s quarterly burn amount to its on-chain usage, signifying the token’s evolution towards higher transparency, compliance, and sustainable token value. To […]