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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, quite a lot of insurance coverage merchandise for digital asset firms. Via this launch, One Diploma aimed to empower good business 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 corporations 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 companion with Dubai Insurance coverage Co. to carry OneInfinity to the MENA area. OneInfinity merchandise are serving to among the world’s finest web3 firms to develop their companies in a safe and compliant method. With MENA, and particularly the UAE, persevering with to develop and appeal to main digital asset firms, OneInfinity and Dubai Insurance coverage Co. are a pure match to determine and help good actors.”
Abdellatif Abuqurah, CEO of Dubai Insurance coverage, added: “The UAE is a pioneer within the digital asset area. We’re honoured to play our half on this improvement with our new companion, 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 satisfaction on our dedication to innovation. By working with OneDegree to carry web3 insurance coverage merchandise to the market, Dubai Insurance coverage Co. can be on the innovative of worldwide insurance coverage improvements.”
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