Phoenix Group Formalizes $150M Crypto Treasury in Q2 2025 Results

Abu Dhabi-headquartered bitcoin miner Phoenix Group, listed on the ADX, reported strong financial and operational results for Q2 2025, highlighting the formalization of a digital asset treasury valued at over $150 million, making it the first ADX-listed company to do so. The treasury primarily consists of 514 BTC and over 630,000 SOL. The company generated … Read more

Rakbank Partners Bitpanda to Launch Crypto Brokerage Service for Retail Customers in the UAE

Rakbank has launched a crypto brokerage service through its mobile app, becoming the first conventional bank in the United Arab Emirates (UAE) to offer crypto trading for retail customers. This new service allows Rakbank customers to buy, sell, and swap cryptocurrencies via Bitpanda’s trading platform, with all transactions conducted in AED to eliminate foreign currency … Read more

Ripple Expands Blockchain Footprint in UAE With Real Estate and Custody Deal

Ripple is revolutionizing global real estate as Dubai adopts its XRP Ledger for tokenized property deeds, unlocking secure, scalable blockchain custody in a landmark government move. Dubai Land Department Modernizes Deeds With Ripple’s Blockchain Infrastructure Ripple announced on July 16 a major step into the UAE’s tokenized asset market, reinforcing its global custody network through … Read more

Ripple Custody to Support Dubai Land Department’s Tokenized Real Estate Initiative

Ripple has announced a strategic partnership with Ctrl Alt to provide institutional-grade digital asset custody for the Dubai Land Department’s (DLD) Real Estate Tokenization Project. This collaboration will enable secure storage for tokenized real estate title deeds issued on the XRP Ledger (XRPL), marking a significant advancement in the region’s digital asset infrastructure. As the … Read more

Crypto Takes Flight: Emirates and Dubai Duty Free Announce Crypto Payment Plans

Dubai is advancing its payment systems by integrating cryptocurrency options through partnerships between Emirates Airline and Dubai Duty Free with the digital asset platform Crypto.com. This initiative follows the signing of strategic Memorandums of Understanding (MoUs) aimed at enhancing digital finance innovation in the region. Dubai Duty Free, which reported over $1.12 billion in sales … Read more

TON Foundation Clarifies Details of Golden Visa Staking Program

The TON Foundation stated that this program resulted from an independent collaboration with a licensed partner, explaining that the UAE government had no direct involvement. “Application alone does not guarantee visa issuance,” the foundation emphasized, following the denials of involvement from government institutions regarding this initiative. TON Foundation Explains Status of Its 10-Year UAE Golden … Read more

UAE Authorities Debunk Golden Visa Program for Digital Asset Investors

Various government institutions in the United Arab Emirates have denied the existence of a golden visa program for cryptocurrency investors. The Virtual Assets Regulatory Authority emphasized that TON is not regulated in the country. UAE Government Denies Existence of Golden Visa Program for Digital Asset Investments The government of the United Arab Emirates (UAE) has … Read more

Nasdaq-Listed DeFi Technologies Sets Up Shop in Dubai to Tap MENA’s Crypto Boom

DeFi Technologies Inc, a Nasdaq-listed fintech firm, is expanding into the GCC and MENA regions to capitalize on the rising institutional demand for digital assets across the Middle East. Expanding DeFi Technologies’ Global Footprint DeFi Technologies Inc, a Nasdaq-listed financial technology company, has announced a significant expansion into the GCC and MENA regions. The company … Read more

Future of Finance Onchain: RWAs Poised for ‘Hockey Stick’ Growth, Says Mavryk Dynamics CEO

Mavryk Dynamics CEO, Alex Davis, says the United Arab Emirates is positioning itself as a leader in the integration of traditional assets with blockchain technology. He says the country’s regulatory environment allows real estate giant MAG to tokenize ultra-luxury properties. UAE’s Pioneering Regulatory Sandbox As the global financial landscape increasingly looks to merge traditional assets … Read more