• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

OneDegree and Walaa: Partnership to Support Digital Assets in MENA

user avatar

by Giorgi Kostiuk

2 years ago

  1. OneDegree and Walaa Partnership
  2. Web3 Growth in MENA
  3. OneDegree Expansion in MENA


    4. OneDegree, Asia’s licensed insurer for digital assets, has partnered with Saudi Arabia’s Walaa Cooperative Insurance Company, an insurance and reinsurance provider.

    OneDegree and Walaa Partnership

    Walaa will support OneDegree as a reinsurer for its market-leading digital asset products globally. The partnership was announced during the 24 Fintech event in Riyadh, KSA.

    Web3 Growth in MENA

    As per the press release, Middle East and North Africa (MENA) has emerged as an increasingly vibrant and dynamic hub for Web3. Saudi Arabia in particular has implemented various initiatives to support the growth of the Web3 sector in line with its Vision 2030 program. The two insurers share a vision to support the good actors in Web3 and work closely with regulators to create a stable and sustainable ecosystem.

    …OneInfinity by OneDegree’s products are empowering leading Web3 companies worldwide […] Collaborating with Walaa Insurance, OneInfinity by OneDegree aims to enhance support for VASPs in the region and beyond.Robin Scott, General Manager of Middle East of OneDegree

    OneDegree Expansion in MENA

    OneDegree entered MENA in 2023 and works with a large number of local and international players who choose MENA as their base for developing their Web3 businesses. In January 2024, OneDegree announced it was expanding its offering to the UAE through a local partnership with Dubai Insurance Company. Both UAE local entity and OneDegree will insure digital asset firms in the UAE using its OneInfinity product offering.

    Saudi Arabia is taking a leading role in digital developments in MENA and worldwide. […] We identify OneDegree as the perfect partner to help us realize our goals in line with Vision 2030.Johnson Varughese, Chief Executive Officer of Walaa

    The partnership between OneDegree and Walaa aims to support digital assets and Web3 development in the MENA region, aligning with Saudi Arabia’s Vision 2030.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Colombian President Proposes Bitcoin Mining Hub on Caribbean Coast

chest

Colombian President Gustavo Petro proposes to create a Bitcoin mining hub on the Caribbean coast, inspired by Paraguay's success, aiming to utilize renewable energy and include Indigenous communities.

user avatarRajesh Kumar

Bitcoin Price Surge Triggers Major Liquidations in Derivatives Market

chest

The recent price uplift of Bitcoin has resulted in significant liquidations within the derivatives market, with over 200 million in liquidations primarily affecting short positions.

user avatarMiguel Rodriguez

Altcoin Market Cap Stabilizes After Correction

chest

The total crypto market cap for altcoins is attempting to stabilize after a prolonged corrective phase, indicating potential accumulation.

user avatarLuis Flores

Potential Shift in Altcoin Market Dynamics

chest

Recent analysis indicates a significant increase in altcoin trading volume, suggesting a potential end to Bitcoin's dominance.

user avatarArif Mukhtar

Ethereum Price Analysis: Stability and Potential Decline

chest

Ethereum price shows signs of stability above 2,320 but faces potential decline if it falls below 2,300.

user avatarMaria Gutierrez

Aave Faces Major Crisis Amid Exploit of rsETH Bridge

chest

Aave is facing a major crisis due to an exploit at Kelp DAO, resulting in the theft of approximately $292 million in tokens and a significant drop in total value locked and AAVE token price.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.