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Crypto.com teams up with UAE Emarat Energy company to offer crypto payments

Crypto.com teams up with UAE Emarat Energy company to offer crypto payments

Crypto.com exchange, a regulated crypto exchange operating out of Dubai UAE, has partnered with Emarat Energy Company to offer crypto payment options at select Emarat service stations. As per the LinkedIn post the expansion depends on regulatory approvals and customer demand.

Emarat runs more than 155 service stations across the UAE. The setup of crypto fuel stations signals a shift towards new payment methods. This aligns with industry moves toward contactless payments and better customer service. Emarat hopes to modernize its retail model and appeal to tech-savvy consumers. It also aims to boost its image among digitally aware customers.


The partnership will see Crypto.com integrated at an initial 10 service stations, with plans to progressively expand the integration across the Emarat service station network.

Additionally, through Project Landmark—the first project providing naming rights for fuel stations in the world by Emarat, Crypto.com and Emarat will unveil the Crypto.com Emarat Service Station at Emarat’s Al Ameen Station in Al Wasl Road, a signature service station branded by Crypto.com and supported by the Crypto.com integration.

“Further enabling the utility of cryptocurrency is central to our vision at Crypto.com,” said Mohammed al Hakim, President of Crypto.com UAE. “The UAE is a cryptocurrency market leader, and we are excited to partner with Emarat, the region’s leading petroleum brand and serving tens of thousands of customers every day, in bringing digital assets into its next era.”

Ali Bin Zayed Al Falasi, Chief Retail Officer & Senior Vice President – Marketing at Emarat, said, “At Emarat, we are constantly exploring new frontiers in innovation and customer experience. This partnership with Crypto.com introduces a new era of convenience and possibility for our customers, while strengthening our position as a future-focused brand. Together, we’re bridging the gap between energy retail and emerging financial ecosystems.”

Crypto.com users and Emarat customers will be able to enjoy additional benefits of the partnership, having exclusive offers and a mutual promotional program to uplift customers’ experience.

The UAE has been at the forefront of Blockchain and crypto, with many real estate developers offering crypto payments and most recently one of the biggest investments in the UAE, the $2 billion investment into Binance being carried out using a stablecoin.

rootVX tokenization studio accepted at Qatar’s Digital assets Lab

rootVX tokenization studio accepted at Qatar’s Digital assets Lab

rootVX, a tokenization studio with advanced ledger, money, and data storage capabilities, whose solutions operate within regulatory frameworks and feature a programmable payment rail tailored to modern use cases, has been accepted into Qatar’s Digital Assets Lab launched by Qatar Financial Center.

According to RootVX this is a powerful step forward in their mission to reshape financial markets through tokenization. rootVX seeks to unlock global investment opportunities in a secure, compliant and user centric way.

In January 2025, Qatar Financial Center Qatar Financial Centre (QFC) published their growth in 2024, noting that they welcomed 836 new firms to its platform, a 156 percent growth compared to 2023 as well as 29 firms into its Qatar Digital Assets Lab. Since January QFC has also welcomed five other digital assets companies including Stobox, Alloxyz and others.

QFC also signed 24 memoranda of understanding in 2024, including agreements with prestigious financial institutions such as Qatar Islamic Bank (QIB), Masraf Al Rayan, Dukhan Bank, The Hashgraph Association, and the Chartered Institute for Securities and Investment. QFC established other significant partnerships during the year, including a memorandum of understanding with Qatar Media City and a collaboration agreement with Qatar Science and Technology Park (QSTP), aimed at facilitating business setup in the State of Qatar

This week, Qatar Development Bank released the fifth edition of its annual Venture Investment Report 2024, in collaboration with MAGNiTT Research. The publication is part of QDB’s ongoing commitment to supporting Qatar’s investment sector and strengthening its foundations.

The report provides a comprehensive analysis of Qatar’s investment landscape, enhances transparency, and offers access to data on the venture capital industry including the activities of investment funds that foster entrepreneurship and bolster the contribution of the private sector to Qatar’s economic growth.

The report also underscored fintech as the leading sector in Qatar, accounting for 29% of deals in 2024, an increase of 12% from 2023, highlighting the success of initiatives driven by QDB’s Qatar FinTech Hub.

Kappa Lab for digital assets opens operation in UAE

Kappa Lab for digital assets opens operation in UAE

UK based Kappa Lab previously known as CrypPro, a digital assets market maker, has opened a new operational base in Dubai UAE at the DMCC Crypto center. The announcement comes after its participation at Token 2049 in Dubai this April.

Speaking to Anis Akl, Founder of Kappa Lab, he noted, “We selected Dubai as the location for Kappa Lab’s new office for several strategic reasons. First, its regulatory environment as Dubai offers a well-established, business-friendly framework that supports innovation and growth. Secondly, the city’s overall value proposition has proven highly attractive to both our existing team and prospective talent.”

He also stated that one of the reasons was Dubai’s position as a global business hub—bridging East and West—provides a strong strategic advantage for Kappa Lab, which already has an established presence in the UK and Europe and is expanding its engagement in Asian markets.

He added that they plan to apply for a crypto broker dealer license with Dubai’s Virtual Asset Regulatory Authority. He says, “We do plan to apply for a broker-dealer license.”

This announcement comes as more and more crypto entities have been granted licenses by VARA in the UAE. Most recent are Gate.io, as well as BurjX which received an in-principle approval from ADGM.

Abu Dhabi AltNovel and 3iQ to launch digital asset multistrategy fund in Middle East

Abu Dhabi AltNovel and 3iQ to launch digital asset multistrategy fund in Middle East

AltNovel, an Abu Dhabi-based private markets platform regulated by the Financial Services Regulatory Authority (FSRA) at ADGM, has partnered with 3iQ, a global digital asset investment manager recently acquired by Japanese Monex Gorup, to launch the AltNovel Digital Access Portfolio (ADAP), digital asset Multi-Strategy Fund in the Middle East.

As per the press release, ADAP is a multi-strategy portfolio of alpha-oriented digital asset hedge funds that seek to deliver high absolute returns with a reduced correlation to traditional assets and hedge funds. The fund seeks improved risk-adjusted returns versus other assets such as Bitcoin, stocks and other digital assets.


It aims to deliver lower volatility and drawdowns relative to long-only digital assets targeting annualized returns of over 20% and mitigating drawdowns to as low as 2.4%.


Designed for professional qualified investors, the fund will combine 3iQ’s expertise in digital asset management with AltNovel’s innovative portfolio structuring, to offer a diversified and balanced exposure to this rapidly growing asset class.

“This partnership is a milestone for AltNovel as we continue to focus on bringing high quality investment solutions to private investors in the GCC from our home in the ADGM,” said Stergios Voskopoulos, CEO of AltNovel. “Digital assets represent the next frontier in portfolio diversification, and this collaboration with a sector leader like 3iQ aligns with our commitment to offering forward institutional-grade, highly customizable digital asset investment opportunities tailored to their evolving needs.”

“The United Arab Emirates is at the forefront of financial innovation and robust digital assets regulation. As part of our global expansion plan, we are excited to partner with AltNovel to bring our expertise in risk management and digital asset strategies to the region. We are seeing an increasing demand for institutional risk-managed solutions,” said Pascal St-Jean, President and CEO of 3iQ.

The fund will provide diversified exposure to digital asset investment strategies with the objective of reducing volatility while delivering superior returns. This partnership underscores the firms’ shared belief in the potential of digital assets to transform the global financial landscape.

Bahrain SGB bank appoints ex U.S. Federal Reserve Vice chairman

Bahrain SGB bank appoints ex U.S. Federal Reserve Vice chairman

Bahrain based Singapore Gulf Bank, a fully licensed digital bank in MENA with permission to integrate customers from across the world digitally and to serve crypto clients, has appointed the former U.S. Federal Reserve vice chair Randal Quaties as vice chairman of its newly-formed global advisory board. The new appointment aims to support the international growth.

Singapore Gulf Bank, which is backed by Whampoa Group and Bahrain’s sovereign wealth fund Mumtalakat, noted that the global advisory board would be chaired by Whampoa Group’s founder Amy Lee. Other board members include co-founder of China’s largest online travel agency Ctrip Fan Min, founding CEO of Boyu Capital Louis Cheung and Beyon Digital’s CEO Shaikh Mohamed Khalifa Al Khalifa.

Matrixport’s chairman Wu Jihan and Jiangsu General Chamber of Commerce’s president Fan Yurong are also members. Matrixport offers a comprehensive suite of innovative and easy-to-use crypto investment products and financial services tailored for all levels of expertise.

In April 2025, Singapore Gulf Bank (SGB) launched its personal banking services, and will enable instant movement between crypto and fiat via top licensed exchanges with instant off and on ramping. Earlier in 2024 Singapore Gulf Bank was in talks with a Middle East sovereign wealth fund to raise $50 million to acquire a stablecoin payments company in 2025 either in the Middle East or Europe.

The bank already offers digital asset/crypto custody services.

Kuwait extends its prosecution of illegal crypto mining

Kuwait extends its prosecution of illegal crypto mining

Kuwait’s Public Prosecution after detaining 26 individuals, is further investigating another 60 individuals which the prosecution says are involved in illegal crypto mining activities.

According to Kuwait Arab Times the Kuwait Public Prosecutor has detained 26 individuals pending further investigation. The individuals were charges with engaging in unauthorized activities that undermine the country’s interests, while lacking necessary licenses from municipality and the Ministry of Industry and Communications.

The charges are the illicit use of energy to mine cryptocurrency, in violation of state-mandated electricity consumption regulations. According to sources, the defendants denied the charges during their interrogation but were confronted with criminal investigation reports linking them to the incidents and some of the seized devices.

Meanwhile, the Ministry of Interior revealed the seizure of 47 homes in the Ahmadi Governorate, where residents were engaged in cryptocurrency mining, significantly affecting the electricity supply.

The Cabinet has commended the outcomes of an extensive security operation overseen by Acting Prime Minister and Minister of Interior Sheikh Fahad Al-Yousef, Minister of Electricity, Water, and Renewable Energy Dr. Subaih Al-Mukhaizeem, Minister of State for Communications Affairs Omar Al-Omar, and Minister of State for Municipal Affairs and Minister of State for Housing Affairs Abdullatif Al-Mishari.

The Cabinet emphasized that the operation is part of ongoing governmental efforts to combat unlawful activities, safeguard the electricity grid from illegal usage, and ensure public safety. Crypto mining according to government officials exploits electrical resources, leading to increased grid loads, power outages, and disruptions in residential, commercial, and service areas.​

The Public Prosecution, through the Commercial Affairs Prosecution, has ordered the continued detention of several suspects, including property owners who rented out their homes for mining purposes.

Others have been released on bail of 500 Kuwaiti dinars. Investigators have confronted defendants with evidence of substantial deposits in their accounts, some amounting to 3,000–4,000 dinars daily, originating from unidentified sources.

In Al Rai media, sources informed the publication that operations to identify cryptocurrency mining sites are ongoing. Searches are being conducted in areas including Wafra, Sabah Al-Ahmad, and Mutlaa, with no region excluded, The Ministry of Electricity is disconnecting power to properties involved in mining activities, with reconnection contingent upon approval from the Ministry of Interior.​

Additionally, the Ministry of Electricity, in collaboration with the Ministry of Interior, is enforcing penalties for cryptocurrency mining activities based on the previous ban announced recently.

xWeave stablecoin platform raises $3 million as it expands to UAE

xWeave stablecoin platform raises $3 million as it expands to UAE

XWeave, a stablecoin infrastructure startup for cross-border payments will be expanding its operations to the UAE after raising $3 million in seed funding. The round was led by Jungle Ventures through its First Cheque@Jungle initiative, alongside crypto investment firm Lightshift. Follow-on investment came from Menyala, a venture studio founded by Temasek that also incubated the company. Additional investors include White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., and several angel investors.

As per the announcement, the funding will be used to expand XWeave’s network across non-G10 payment corridors in Asia and the Middle East, including the UAE, Indonesia, Japan, and Hong Kong. The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products.

Founded in 2024 by Milind Sanghavi, a payments veteran with prior roles at Meta, PayPal, Visa, Ezetap, and OCBC, XWeave aims to modernize global money movement by connecting fiat payment rails with blockchain-based stablecoin networks. Since launching operations in December 2024, XWeave has enabled real-time payments between Singapore and the Philippines.


“The US$30T cross-border payments market is overdue for transformation. As stablecoins evolve into mainstream financial infrastructure, XWeave is the connective tissue that enables businesses to move money across borders with the ease of a text and the compliance rigor of regulated flows. While there have been other attempts using specific digital assets, we’re about to see a significant rise in both stablecoins and CBDCs. XWeave’s non-custodial, asset-agnostic orchestration platform is the best way for businesses to access this growing liquidity— leveraging the benefits of blockchain without relying on regulatory arbitrage. Our job is to make it usable and adaptable for the full spectrum of money flows.” said Milind Sanghavi, Founder and CEO of XWeave.

This week, Eric Trump, the son of President Donald Trump, during his participation at Token 2049 demystified the stablecoin behind the deal that was made between UAE sovereign wealth fund MGX and Binance crypto exchange. The $2 billion investment by MGX into Binance was announced earlier this year, yet the stablecoin mentioned for carrying out the deal remained a mystery.

UAE Public Prosecution integrates AI and Blockchain for criminal cases

UAE Public Prosecution integrates AI and Blockchain for criminal cases

The UAE Public Prosecution unveiled its plan to integrate AI ( Artificial Intelligence) and Blockchain as well as the metaverse for criminal cases, during the Governance of Emerging Technologies Summit in Abu Dhabi this week. The initiative is part of UAE Public Prosecution’s 2045 strategy which aims to cut the processing times of cases up to 100 percent while ensuring accuracy transparency and security in the justice system.

Chancellor Salem Al Zaabi, Chief Prosecutor at the Office of the UAE Attorney General, outlined how AI will be embedded at every stage of the legal process — from the initial classification of complaints to case resolution. “Artificial intelligence will be used to identify contradictions in evidence, interpret technical reports, and summarize complex legal files,”
he said.

AI will also assist prosecutors in prioritizing police reports based on urgency and severity, allowing faster and more informed decisions. Despite the technology’s expansive role, Al Zaabi emphasized that AI is a support tool, and not a substitute, with human prosecutors remaining central to all decisions.

Blockchain technology will also play a key role in securing evidence. By tracking seized items, storing sensitive digital data, and preserving the chain of custody, blockchain ensures legal evidence remains unaltered and tamper-proof.

“We must ensure that no one can access or alter this evidence,” Al Zaabi noted.

The initiative follows lessons learned from the UAE’s first cryptocurrency case, which exposed gaps in the legal system’s readiness to handle digital crimes. The complex case, which involved months of external consultation and a 100-page report, ultimately led to a conviction, but also a realization that prosecutors needed better digital literacy.

Since then, specialised training programs have been introduced to equip prosecutors with skills to handle new-age crimes involving NFTs, cryptocurrencies, and other digital assets.

Looking ahead, the Public Prosecution will use metaverse platforms and virtual reality to simulate crime scenes, offering courts and investigators a more immersive understanding of incidents. Predictive AI models will also be deployed to identify criminal patterns and allow early intervention.

The UAE also plans to strengthen international cooperation by launching a platform to coordinate with public prosecution offices globally.

“Digital crime knows no borders,” Al Zaabi said, calling for unified global action against cyber threats.

“We will harness technology to protect rights, accelerate procedures, and deliver precise, humane justice.”

UAE digital asset broker BurjX receives in principle license approval

UAE digital asset broker BurjX receives in principle license approval

UAE digital asset broker, BurjX, has received In-Principle Approval (IPA) for a license in the UAE from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

This is the prelude to the full Financial Services Permission (FSP) that will allow BurjX to operate as a fully regulated, institutional-grade trading and custody platform.

“This is an exciting step forward – not just for BurjX, but for crypto in MENA as a whole,” said Omar Abbas, Co-Founder & CEO of BurjX. “Secure, institutional-grade custody is the foundation of a trusted trading platform, and the MENA region is ready for it. As BurjX moves toward final regulatory approval, we are reimagining crypto trading – seamlessly integrating cutting-edge security with a frictionless trading experience in a single, unified platform.”

Adam Ferris, Co-Founder & Chairman of BurjX, underscored the company’s vision, “This milestone is just the beginning. We’re building something that doesn’t just meet the highest security and regulatory standards – it’s about raising the bar for enterprise-grade custody, compliance, and market integrity. BurjX is shaping the future of responsible digital asset trading.”

With final regulatory approval on the horizon, BurjX is preparing to launch later this year, bringing a full suite of digital asset trading and custody solutions to market. Designed for retail, professional, and institutional traders, the platform provides secure fiat on/off-ramps, deep liquidity, and advanced execution tools all within a tightly governed and fully compliant framework.

For security BurjX has partnered with Fireblocks leveraging its multi party computation technology and security protocols, and for peace of mind, it has secure market leading insurance coverage.

One of the first crypto exchanges to be licensed out of ADGM was M2, and today in Dubai VARA boasts of 30 licensed VASP providers. The UAE has become a hot bed for licensed digital asset, tokenization and crypto service providers.

Zand Bank, Capital Investment and Fasset launch real estate tokenization platform

Zand Bank, Capital Investment and Fasset launch real estate tokenization platform

UAE Capital Investment Holding Ltd., and Fasset, tokenization exchange platform, and Zand Bank, have launched ForteXchain, a real estate tokenization blockchain platform, allowing for fractional real estate investment.

The UAE’s real estate sector continues its record-breaking trajectory into 2025, solidifying its status as a global investment hotspot. In January alone, property sales transactions soared to AED 33.9 billion, reflecting an 18% surge compared to the same period in 2024. The Dubai Land Department (DLD) also reported a 19% year-on-year increase in transaction volume, reinforcing the emirate’s appeal among international investors.

ForteXchain eliminates traditional barriers to real estate investing by lowering entry costs, streamlining regulatory processes, and opening access to both novice and seasoned investors. By leveraging blockchain technology, the platform enables fractional investment in real-world properties starting from just $1 drastically reducing the participation threshold and offering unprecedented flexibility to both retail and institutional investors, subject to local regulations.

“Zand is proud to be the first UAE bank to offer institutional-grade custodial solutions, with private keys securely held within the UAE,” said Michael Chan, CEO of Zand. “Our mission is to accelerate the growth of the digital economy by expanding global access to tokenized Real-World Assets (RWA), including the real estate market, with unparalleled security, transparency, and regulatory compliance.”

In its inaugural issuance round, ForteXchain will present a curated portfolio of tokenized real estate assets across multiple countries. Letters of Intent (LOIs) have already been issued for the following jurisdictions, with due diligence and project exploration underway for projects in Spain such as Elysium City, a pioneering €18 billion sustainable development by Elysium City Spain, as well as in the UAE through Centurion Properties Group & Arabia Capital. Centurion Properties Group & Arabia Capital is focusing on Burj Capital, Arabia Residences, and Centurion Business Complex.

Also included is Malaysia with Bin Zayed International, a leading UAE-based investment group. Jazz City (Kulim, Kedah) – an ongoing project – is a flagship mixed-use development spanning 70.34 acres in Kulim, Kedah known as the “Technology City” of northern Malaysia.

The press release noted that additional projects are under review and will be announced in the coming weeks. This initial phase will be followed by a comprehensive roadmap to bring these assets to market.

Following this initial rollout, Phase Two will onboard institutional real estate projects. Phase Three will open the platform to both retail and institutional real estate projects, enabling them to submit and tokenize projects aligned with their respective investment profiles.

ForteXchain leverages Fasset’s existing regulatory licenses, which provide secure access to high-growth markets such as the UAE, Indonesia, Malaysia, Bangladesh, Pakistan, and Turkey, while Zand Bank the UAE-based AI-powered bank offering institutional-grade digital asset custody will act as the custody partner, responsible for safeguarding investor assets and funds.

“With global real estate valued at over $300 trillion, tokenization unlocks new opportunities for wealth creation and democratizes access to investment,” said Daniel Ahmed, COO and Co-Founder of Fasset. “Fasset is proud to support ForteXchain with our technology and licensing expertise, enabling secure and compliant access to tokenized real estate.”

ForteXchain operates on Fasset’s digital platform. Users begin by completing identity verification (KYC) to ensure compliance and security. Once verified, users can purchase digital tokens representing shares in specific properties. These tokens can be traded on a regulated marketplace offering liquidity rarely available in traditional real estate markets.

ForteXchain’s initial target markets include the UAE, Indonesia, Malaysia, and select European countries. Future expansion plans include Bahrain, Bangladesh, Pakistan, Turkey, and South America. Real estate tokenization will eventually migrate to Own, a blockchain developed by Fasset specifically for Real-World Asset (RWA) transactions, following its mainnet launch in late 2025.

Recently, UAE regulated, Tokinvest, a marketplace for real-world asset (RWA) investing, and Zand Bank, partnered to transform the way investors access high-value assets through tokenization.