The UAE Central Bank has given approval for OneDegree and Dubai Insurance to offer digital assets custodial risk insurance to customers in the UAE. The partnership between OneDegree and Dubai Insurance, known as OneInfinity, aims to provide a one-stop shop for digital asset companies in the UAE. Custodial risk insurance is an important part of risk management for digital asset exchanges and custodians, and is required by regulators worldwide. This approval allows specialized custodial risk insurance to be offered directly in the UAE for the first time, providing protection against the risk of losing access to digital assets. OneDegree has also partnered with Saudi Arabia's Walaa Cooperative Insurance Company to offer digital asset products globally.



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