Abu Dhabi: Changer.ae Ltd, a premium independent crypto custodian service, has announced that it has obtained regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to conduct the Regulated Activity of Dealing in Investment as Agent, in a media release. In addition to conducting the Regulated Activity of Providing Custody and offering investors a reliable, convenient, and accessible wallet to safeguard and manage their Virtual Assets, Changer will now be able to securely and seamlessly deal in investments as an agent, it added.
ADGM provides an advanced regulatory framework to ensure a fair, efficient, and transparent marketplace to meet the dynamic needs of Abu Dhabi’s economy and growing markets. Under the license given by FSRA, Changer is offering clarity, transparency, security, and an elevated digital experience for safeguarding Virtual Assets.
According to the media release, the platform is dedicated to securing users’ Virtual Assets, provides an elevated digital experience and is complemented by a transparent subscription-based monthly service according to the assets held under custody.
Changer is also planning to launch new exchange services that provide banking-grade escrow services for secure transactions. This initiative underscores Changer’s commitment to delivering a secure, simple, and seamless digital experience, according to them.
As Changer is regulated by FSRA, it continues to build relations with authorized parties across the UAE and globally in order to shape a strong foundation of transparency and security, offering its customers a platform whereby they can diversify their portfolios, a media release says.
Cryptocurrency investors worldwide can access Changer’s services via the user-friendly Changer mobile application, available on the App Store, Google Play Store, or Huawei App Gallery.
Wang Hao, CFA, CFtP, Senior Executive Officer of Changer, commented, “We are proud to obtain the FSP license, targeting individuals globally and providing them with a reliable, convenient, and accessible wallet to safeguard and manage their virtual assets. This license marks a significant milestone, highlighting our dedication to delivering a secure, simple, and seamless digital custody service that is independent and regulated.”
According to the release, FSRA’s regulatory environment and supervisory approach in relation to Virtual Assets adoption and financial regulation make it an ideal market for Changer’s premium crypto custodian service, fostering innovation and economic growth in shaping the future of finance.
