• 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

Market Sentiment Shifts, Impacting XRP Price Performance

chest

Recent shifts in market sentiment have led to a pullback in XRP's price, despite strong buying activity in futures positions.

user avatarDiego Alvarez

Michael Saylor's Strategy Could Acquire $30 Billion in Bitcoin

chest

JPMorgan analysts predict that Michael Saylor's Strategy could purchase approximately $30 billion worth of Bitcoin this year if the current acquisition pace continues.

user avatarKenji Takahashi

Russell 2000 Breakout Signals New Bitcoin Bull Market

chest

Bull Theory suggests that the recent breakout in the Russell 2000 index signals the onset of another major Bitcoin bull market.

user avatarMaria Fernandez

Vincent Van Code Explains the Potential of a Fed Master Account for XRP

chest

Crypto expert Vincent Van Code explains the implications of a 5 trillion Fed master account for Ripple and XRP.

user avatarGustavo Mendoza

Long-term Bitcoin Holders Increase Their Accumulation

chest

Long-term Bitcoin holders have significantly increased their accumulation, with demand from accumulator addresses climbing to 264,000 BTC on May 6, marking a 60% increase from just two weeks earlier.

user avatarMiguel Rodriguez

OTC Bitcoin Supply Experiences Significant Decline

chest

The 30-day over-the-counter (OTC) Bitcoin balance change has posted a net decline of approximately 24,940 BTC since early February, indicating a significant tightening of Bitcoin supply in OTC markets.

user avatarRajesh Kumar

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.