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Zodia Custody’s Strategic Acquisition Propels UAE Expansion

2025-07-01 03:37:43

Zodia Custody’s Strategic Acquisition Propels UAE Expansion

Main Idea

Zodia Custody's acquisition of Tungsten Custody Solutions accelerates its expansion in the UAE, leveraging local expertise and regulatory compliance to strengthen its position in the growing crypto custody market.

Key Points

1. Zodia Custody, backed by Standard Chartered and Emirates NBD, focuses on secure and compliant digital asset management.

2. The UAE's proactive regulatory environment and demand for crypto custody solutions make it a strategic market for Zodia's expansion.

3. The acquisition provides Zodia with immediate access to the UAE market and local expertise, particularly in obtaining a VARA license.

4. A VARA license from Dubai's Virtual Assets Regulatory Authority is a rigorous process that enhances credibility and compliance for crypto custodians.

5. The move reinforces the UAE's ambition to become a global leader in the digital asset economy and institutional crypto custody.

Description

BitcoinWorld Zodia Custody’s Strategic Acquisition Propels UAE Expansion In the rapidly evolving world of digital assets, strategic moves by key players often signal significant shifts in the market. The recent announcement that Zodia Custody , a leading institutional-grade crypto custodian, has successfully acquired UAE-based Tungsten Custody Solutions, is one such pivotal moment. This isn’t just another corporate deal; it’s a powerful statement about the growing maturity of the cryptocurrency ...

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Tags:
Crypto News Digital Assets Tungsten UAE VARA Zodia Custody

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