MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Mbank has announced a strategic partnership with AE Coin, introducing the first-ever regulated stablecoin in the United Arab Emirates, now available for customers via the AEC Wallet. The launch of AE Coin aligns with the Central Bank of the UAE’s framework for digital payment token services, reflecting the government’s forward-thinking approach to the future of digital finance. This partnership aims to revolutionize Mbank’s financial services, offering a secure, stable, and…
Read More »Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT), has announced the addition of Chainlink to its Digital Asset Lab as a fifth council member. The partnership, formalized through a Memorandum of Understanding at Abu Dhabi Finance Week, brings Chainlink, a global leader in on-chain finance, verifiable data, and cross-chain interoperability, into collaboration with other founding members, including PwC, Fireblocks, R3, and Chainalysis. This…
Read More »Crypto industry leaders Circle Internet Group Inc. and Binance have announced a strategic partnership aimed at accelerating the global adoption of USDC and advancing the development of the digital asset and financial services ecosystems. The collaboration, revealed at Abu Dhabi Finance Week, combines Circle’s trusted, compliant digital dollar with Binance’s massive platform, reaching over 240 million users worldwide. Through this partnership, Binance will integrate USDC across its full suite of…
Read More »The inaugural Bitcoin MENA 2024 wrapped up today after a dynamic second day of thought-provoking sessions and innovative highlights. Recognized as one of the most prominent and globally influential conference brands for advancing Bitcoin and blockchain adoption, the event brought together leaders from across the Bitcoin ecosystem. The conference offered a variety of activations and thought leadership discussions designed for institutional and retail audiences, as well as investors. Before a…
Read More »Tokinvest DMCC, a pioneering marketplace for real-world asset tokenization and provisional Virtual Assets Regulatory Authority (VARA) licensed brokerage, is excited to announce the expansion of its collaboration with Universal Digital Payments Network (UDPN) and the launch of a Tokenised Deposit and Stablecoin Management System. The market cap of stablecoins and tokenised deposits grew to $197.5bn, up from $171.6bn at the start of November, according to rwa.xyz, and are forecast to experience rapid expansion and diversification…
Read More »First Abu Dhabi Bank (FAB) has entered into a Memorandum of Understanding (MoU) with Libre Capital, a tokenization specialist supported by WebN Group and Nomura’s Laser Digital, to explore blockchain-based collateralized lending using real-world asset (RWA) tokens. Since its launch in March, Libre has tokenized approximately $150 million worth of assets, including Brevan Howard funds, Hamilton Lane’s fixed-income products, and a BlackRock money-market fund. Under the MoU, First Abu Dhabi…
Read More »ADGM and Polygon Labs, an international software development company, have announced a new collaboration. The partnership focuses on advancing blockchain innovation by developing international disclosure standards. These standards aim to ensure transparency, security, and trust within the Web3 and broader blockchain ecosystem. This initiative builds on ADGM’s pioneering Distributed Ledger Technology (DLT) Foundations Regulations—the first of its kind globally—to create a robust framework for Blockchain Foundations and Decentralised Autonomous Organisations…
Read More »As part of the highly anticipated Abu Dhabi Finance Week (ADFW), two pivotal events—Bitcoin MENA 2024 and the Abu Dhabi Economic Forum (ADEF)—highlighted Abu Dhabi’s position as a leading global hub for finance and technology. These events kicked off with packed agendas, drawing thousands of participants, influential global leaders, and top-tier experts to explore transformative ideas shaping the future of finance, investment, and digital innovation. Abu Dhabi: A Week of…
Read More »Circle Internet Group, Inc., a global digital financial technology firm, is pleased to announce the incorporation of an entity in the ADGM, a key milestone in its strategic expansion into the Middle East and Africa. Circle has also entered into a partnership with LuLu Financial Holdings (‘LuLuFin’), and its affiliates, one of the largest financial services conglomerates in the region, to facilitate remittances and cross-border payments with USDC, Circle’s fully-reserved…
Read More »BitOasis, the Middle East and North Africa’s (MENA) leading regional virtual assets broker-dealer trading platform, announced receiving a full Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA), following the company satisfying all relevant regulatory conditions and requirements. BitOasis said it will seamlessly transition to operating under its new license with immediate effect. Securing the full VASP License marks the final step in VARA’s licensing process…
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