• 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

a year 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

BNB Emerges as a Leading Large-Cap Altcoin

chest

BNB has solidified its position as a leading large-cap altcoin, with a market cap exceeding $12.65 billion.

user avatarAisha Farooq

Bitmine Immersion Acquires 54,156 ETH Worth $169 Million

chest

Bitmine Immersion has acquired 54,156 ETH valued at approximately $169 million, reflecting growing institutional confidence in Ethereum.

user avatarTenzin Dorje

Forward Industries Makes Bold Move with 200M SOL Deposit to Coinbase Prime

chest

Forward Industries has deposited 14 million SOL, valued at approximately 200 million, into Coinbase Prime, signaling institutional interest in Solana.

user avatarBayarjavkhlan Ganbaatar

Solana Staking ETFs Gain Traction Post-GENIUS Act

chest

Following the passage of the US GENIUS Act, there has been increased interest in Solana staking ETFs, with notable launches by Bitwise and Grayscale, despite SOL's price challenges.

user avatarMohamed Farouk

Lite Strategy, Inc. Reports Successful First Quarter and Launch of $100M Litecoin Treasury Strategy

chest

Lite Strategy, Inc. reported a successful first quarter, highlighting the launch of its $100 million Litecoin treasury strategy and a new corporate focus.

user avatarDiego Alvarez

Lite Strategy, Inc. Becomes First US Publicly Traded Company to Adopt Litecoin as Primary Reserve Asset

chest

Lite Strategy, Inc. has officially adopted Litecoin as its primary reserve asset, holding 929,548 LTC tokens, marking a significant shift in its corporate strategy.

user avatarElias Mukuru

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.