Changer.ae: New Crypto Custody Services in MENA

Changer.ae Ltd, a premium crypto custodian service, has officially entered the digital asset safeguarding realm with the launch of its innovative platform. This platform is not just a wallet; it’s a symbol of security and convenience in the rapidly evolving world of digital assets.

Regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), Changer operates under strict compliance, adhering to safe custody provisions, technology governance, and other vital system controls. This regulation is a testament to the UAE’s commitment to establishing a robust and progressive regulatory environment, especially in the Middle East and North Africa (MENA) region, where cryptocurrency adoption is skyrocketing.

The launch of Changer’s custody services couldn’t be timelier. The increasing demand for independent custody and fund administration of digital assets from asset managers and owners reflects the market’s ongoing evolution. Changer’s platform meets this need head-on, offering a unique premium wallet and custody service – a first of its kind in the region.

What sets Changer apart is its transparent, subscription-style service model, based on the assets held under custody. This approach is a refreshing change in the crypto custodian landscape, offering clarity and consistency to users. In a move to attract early adopters, Changer is currently waiving custody fees, a promotion set to continue until Q1 2024.

User experience is at the heart of Changer’s operations. The wallet is not only safe and insured but also user-friendly, accessible through a mobile application available on various platforms. The multi-signature authorization and advanced encryption systems reinforce the assurance of safety, providing peace of mind to users globally.

Looking ahead, Changer plans to expand its services in early Q1 2024, introducing the capability to convert virtual assets into fiat currencies and hold them in escrow arrangements. This upcoming feature, coupled with a strategic banking partnership, is poised to further elevate the platform’s appeal.

Nadeem Ladki, Senior Executive Officer at Changer, encapsulates the essence of this launch. He underscores the UAE’s balanced approach to digital asset adoption and financial regulation, making it an ideal market for Changer’s premium service. His vision of Changer as a trusted counterpart in the digital asset space is not just a business plan but a commitment to invest in infrastructure and adhere to regulations, ensuring a safe and reliable platform for global users.

Changer.ae Ltd is set to redefine the standards of digital asset custody. Its approach, combining expert-driven interface design, cutting-edge technology, and adherence to stringent regulations, positions it as a leader in the crypto custody space. With its eyes set on both present needs and future expansions, Changer.ae is poised to be a pivotal player in shaping the future of finance in the MENA region and beyond.