StanChart’s Zodia Custody Partners With Dubai Insurance to Launch Crypto Digital Wallet in UAE
Zodia Custody, the digital asset custody startup based by Standard Chartered, has partnered with Dubai Insurance to introduce a crypto digital pockets designed for the UAE insurance coverage sector.
The pockets will enable policyholders to pay premiums and obtain insurance coverage claims in digital property, providing higher transparency and “operational modernization” throughout insurance coverage workflows, stated the agency.
The new digital pockets gives a regulated infrastructure that helps the receipt of premiums and the settlement of claims utilizing crypto property.
Dubai Insurance stated the initiative is meant to streamline processes whereas making certain high requirements of governance, safety, and compliance.
The firm positioned the launch as a part of its broader digital transformation technique, geared toward enhancing buyer expertise and aligning insurance coverage providers with evolving monetary applied sciences.
Dubai Insurance Reflects UAE Innovation Vision
Abdellatif Abuqurah, CEO of Dubai Insurance, stated the launch displays the UAE’s ambition to lead the way forward for digital finance.
“This initiative marks a defining second for us and the insurance coverage sector in UAE,” Abuqurah stated. “By changing into the primary insurance coverage firm to enable the receipt of premiums and cost of claims in digital property by means of a safe digital pockets, we’re redefining how insurance coverage providers are delivered whereas remaining firmly aligned with regulatory and governance frameworks.”
He added that insurers have a rising duty to present confidence, sturdy threat administration, and long-term worth as digital property change into a part of on a regular basis monetary life.
Zodia Custody Provides Institutional-Grade Security
Through the partnership, Dubai Insurance stated it is going to leverage Zodia Custody’s institutional-grade custody platform, supported by superior safety structure and world compliance requirements.
Zane Suren, Managing Director, Commercial, Middle East and Africa at Zodia Custody, described the launch as an necessary step towards mainstream digital asset adoption in monetary providers.
“Insurers want trusted infrastructure that enables policyholders to transact confidently with digital property,” Suren stated. “Customers may have institutional-grade custody and controls that assist make premium funds and claims settlement in digital property safe, clear, and operationally strong.”
UAE’s Role as a Global Fintech Hub
The launch additional reinforces the UAE’s standing as a number one middle for fintech and blockchain innovation. It aligns with the nation’s broader digital economic system ambitions and displays its progressive strategy to monetary expertise regulation.
In a recent report, Zodia Custody predicts 2026 is the yr digital property will “develop up,” seeing custody, collateral, and connectivity because the rising spine of “market infrastructure,” with stablecoins, staking, and tokenisation opening up capital effectivity for establishments globally.
2026 might be marked by a digital asset maturation particularly custody, #stablecoins, tokenised funds, staking, #DeFi, and collateral, constructing important market infrastructure, says a report by @ZodiaCustody.https://t.co/ZsNHe2iwzp
— Cryptonews.com (@cryptonews) November 10, 2025
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