OneDegree secures funding from Dubai Insurance and launches partnership for digital asset insurance

OneDegree secures funding from Dubai Insurance and launches partnership for digital asset insurance

OneDegree, Asia’s first licensed insurer for digital assets, has partnered with Dubai Insurance Company to offer digital asset insurance in the United Arab Emirates (UAE). Middle East and North Africa (MENA) has become an exciting global centre for the digital asset ecosystem. This partnership will support web3 players in top hubs in the region, especially in the United Arab Emirates. OneDegree launched OneInfinity two years ago and has become a leading force in web3 risk management. Through OneInfinity, a suite of insurance products tailored for digital asset companies, OneDegree’s mission is to allow the good actors to thrive. OneDegree has supported clients to successfully obtain regulatory licences in leading digital asset hubs across the world. MENA has been steadily building a reputation as a leading web3 region for many years. Abu Dhabi Global Markets was one of the first jurisdictions to introduce regulations for digital asset companies. Now Dubai has followed suit with the launch of VARA, the world’s first independent digital asset regulator. Dubai Insurance, as one of the UAE’s leading insurance companies, is a perfect partner for OneDegree. The two insurers share a vision to advance UAE’s reputation as a safe and well-regulated global web3 hub. The partnership