Changer.ae Enters the Market with Regulated Crypto Custody Platform

Changer.ae Ltd, a crypto custodian service, has officially unveiled its platform, offering individuals worldwide a solution for managing their digital assets. The platform, regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marks a step in providing a consistent crypto custodian service.

Changer.ae's Regulatory-Backed Custodian Services

Changer.ae operates under the regulatory framework established by the FSRA of ADGM, ensuring adherence to rules and regulations concerning safe custody provisions, technology governance, and other system controls.

The United Arab Emirates (UAE) has positioned itself as a trailblazer in the Middle East and North Africa region by fostering a regulatory environment that is both robust and progressive. Recognizing the potential of digital assets, the UAE has intensified its efforts to attract global businesses in the digital asset space, contributing to increased investment and positive exposure in the region.

Changer.ae offers independent custody provider with a wallet and unique subscription-style monthly services. Notably, Changer’s wallet provides users with transparency, offering an insured platform featuring advanced encryption and a multi-signature authorization security system.

Strategic Move: Holding Virtual Assets in Escrow

As part of its launch strategy, Changer.ae is waiving custody fees for early adopters until Q1 2024. This move aims to incentivize users to experience the platform's offerings without incurring custody-related expenses during the initial phase of operation.

Changer.ae allows cryptocurrency investors worldwide to open an account through its mobile application available on the App Store, Google Play Store, and Huawei App Gallery. The company plans to introduce additional services in early Q1 2024, enabling users to convert virtual assets into fiat currencies and hold them in escrow arrangements with a strategic bank partner, yet to be disclosed.

Nadeem Ladki, the Senior Executive Officer of Changer.ae, expressed his enthusiasm: “We are committed to investing in the infrastructure and abiding by the regulations necessary to provide peace of mind to our global users to be a leader in this space.”