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Dubai Insurance Pioneers Digital Asset Wallet with Zodia Custody
['Kathleen Kinder', 'Written By', 'Reviewed By', 'Abdellatif Abuqurah', 'Ceo', 'Dubai Insurance', 'Zane Suren', 'Managing Director For Commercial', 'Middle East', 'Africa']
CoinLaw
Dubai Insurance has launched the UAE’s first crypto-enabled digital wallet for insurance premium payments and claims settlements in partnership with Zodia Custody.
Zodia Custody, a firm initiated by Standard Chartered, provides the institutional-grade custody infrastructure.
This marks a first in the UAE’s insurance sector, integrating digital assets into daily operations with full regulatory compliance.
Dubai Insurance, one of the UAE’s longest-established insurance providers, has partnered with Zodia Custody to roll out a digital wallet that supports cryptocurrency transactions for insurance services.
Zodia Custody Brings Trusted InfrastructureZodia Custody, a digital asset custody firm incubated by Standard Chartered, supplies the institutional-grade platform that supports the wallet.