UAE Central Bank Approves Digital Asset Custody Risk Insurance Product
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September 12, 2024
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OneDegree and Dubai Insurance Partner to Offer Digital Asset Custody Risk Insurance in UAE
Insurance provider OneDegree and Dubai Insurance Company from the United Arab Emirates have announced a partnership to offer digital asset custody risk insurance to UAE customers.
The companies have launched a product called “OneInfinity” which has been approved by the Central Bank of the UAE.
Custody risk insurance is part of risk management strategies for custodians, exchanges, and other digital asset service providers. According to OneDegree, this product is being mandated by numerous regulators globally, offering protection to consumers.
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