Dubai Insurance Pioneers Crypto Wallet Integration for Premiums and Claims
Dubai Insurance has launched a digital wallet enabling policyholders to transact in cryptocurrencies, marking a first for the UAE's insurance sector. Built on Zodia Custody's institutional-grade infrastructure, the solution combines regulatory compliance with seamless digital asset handling.
The MOVE reflects accelerating institutional adoption of crypto infrastructure. By integrating cryptocurrency payments for premiums and claims, Dubai Insurance taps into growing demand for digital asset utility in traditional finance sectors.
This development coincides with increased Middle Eastern institutional interest in blockchain solutions. The UAE's progressive regulatory framework continues attracting financial innovation, positioning Dubai as a hub for crypto-enabled financial services.