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The partnership between OneDegree and Dubai Insurance coverage can even help web3 gamers in prime hubs within the area. This follows help for shoppers in efficiently acquiring regulatory licences in main digital asset hubs throughout the world.
Two years in the past, OneDegree launched OneInfinity, various insurance coverage merchandise for digital asset corporations. By way of this launch, One Diploma aimed to empower good trade actors and assist them to thrive.
Moreover, the partnership between OneDegree and Dubai Insurance coverage will begin by providing business legal responsibility insurance coverage, particularly skilled indemnity and directos & officers insurance coverage.
As well as, the 2 companies will then work collectively to hunt regulatory approval for extra merchandise distinctive to the UAE market. As a part of this, Dubai Insurance coverage has made a strategic funding in OneDegree’s Collection B funding spherical.
Alvin Kwock, co-founder of OneDegree, mentioned: “We’re delighted to accomplice with Dubai Insurance coverage Co. to carry OneInfinity to the MENA area. OneInfinity merchandise are serving to a few of the world’s finest web3 corporations to develop their companies in a safe and compliant method. With MENA, and particularly the UAE, persevering with to develop and entice main digital asset corporations, OneInfinity and Dubai Insurance coverage Co. are a pure match to establish and help good actors.”
Abdellatif Abuqurah, CEO of Dubai Insurance coverage, added: “The UAE is a pioneer within the digital asset house. We’re honoured to play our half on this growth with our new accomplice, OneDegree. The OneInfinity merchandise are an ideal complement to our present business-focused choices. Dubai Insurance coverage is proud to be UAE’s first nationwide insurance coverage firm with many many years of historical past, however we additionally pleasure on our dedication to innovation. By working with OneDegree to carry web3 insurance coverage merchandise to the market, Dubai Insurance coverage Co. shall be on the innovative of worldwide insurance coverage improvements.”
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