Changer.ae Ltd, a premium independent crypto custodian service, dedicated to securing users’ virtual assets, officially launched its platform, providing individuals globally with a reliable, convenient, and accessible wallet to safeguard and manage their digital assets.
Changer is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) based in the UAE under which it is required to comply with all the rules and regulations related, among others, to safe custody provisions, technology governance, and other system controls.
With the rise of cryptocurrency adoption in the Middle East and North Africa (MENA) region, the United Arab Emirates has proven to lead the way by creating a regulatory environment that is both robust and progressive. Recognizing the potential of digital assets, it has supercharged its regulatory efforts to attract global businesses focusing on digital assets, ultimately bringing investment and positive exposure to the region.
Changer’s launch of custody services for the safe storage of virtual assets comes in line with an increasing demand for independent custody and fund administration of digital assets from asset managers and asset owners, as this market continues to evolve.
Distinctively standing out in the UAE, Changer’s premium wallet and offerings are unique to the market being the only regionally built, independent custody provider. Changer’s premium wallet brings to the market a transparent, subscription-style monthly service for users based on the assets held under custody.