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Zodia Custody Acquires UAE-Based Tungsten to Expand Middle East Presence
Zodia Custody Acquires UAE-Based Tungsten to Expand Middle East Presence
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BTCCSquare news:
Zodia Custody, a digital asset custodian backed by Standard Chartered and other major financial institutions, has finalized its acquisition of Tungsten Custody Solutions. The deal grants Zodia access to Abu Dhabi's ADGM regulatory framework and Dubai's VARA approval pathway, cementing its foothold in the Middle East's rapidly evolving digital asset landscape.
The transaction underscores growing institutional interest in regulated crypto infrastructure. "This reflects our commitment to the UAE," said Dom Longman of Zodia, highlighting the region's progressive stance on digital asset regulation. Financial terms remain undisclosed.
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