Metalpha Announces Joint Venture with Abu Dhabi based Gewan Holding and subsidiary of Standard Chartered Zodia Markets to Expand into the Middle East Digital Asset Market
Metalpha Technology Holding (MATH) has announced a strategic joint venture with Abu Dhabi's Gewan Holding and Zodia Markets, a Standard Chartered subsidiary, to form ZMG7 . The partnership aims to develop the digital asset market in the Middle East, reinforcing UAE's position as a key digital asset management hub.
Zodia Markets, launched by Standard Chartered in 2021, represents the bank's commitment to developing global digital-asset infrastructure. The joint venture will leverage Metalpha's expertise in derivatives innovation, market structure optimization, and risk management to establish a compliant digital asset trading and wealth management platform.
Metalpha Technology Holding (MATH) ha annunciato una joint venture strategica con Gewan Holding di Abu Dhabi e Zodia Markets, una sussidiaria di Standard Chartered, per formare ZMG7. L'obiettivo della partnership è sviluppare il mercato degli asset digitali in Medio Oriente, rafforzando la posizione degli Emirati Arabi Uniti come un hub chiave per la gestione degli asset digitali.
Zodia Markets, lanciato da Standard Chartered nel 2021, rappresenta l'impegno della banca nello sviluppo di un'infrastruttura globale per gli asset digitali. La joint venture sfrutterà l'expertise di Metalpha nell'innovazione dei derivati, nell'ottimizzazione della struttura di mercato e nella gestione del rischio per stabilire una piattaforma conforme per il trading di asset digitali e la gestione patrimoniale.
Metalpha Technology Holding (MATH) ha anunciado una asociación estratégica con Gewan Holding de Abu Dhabi y Zodia Markets, una subsidiaria de Standard Chartered, para formar ZMG7. La asociación tiene como objetivo desarrollar el mercado de activos digitales en Oriente Medio, reforzando la posición de los EAU como un centro clave para la gestión de activos digitales.
Zodia Markets, lanzado por Standard Chartered en 2021, representa el compromiso del banco con el desarrollo de una infraestructura global de activos digitales. La empresa conjunta aprovechará la experiencia de Metalpha en innovación de derivados, optimización de la estructura de mercado y gestión de riesgos para establecer una plataforma de trading de activos digitales y gestión de patrimonio conforme.
Metalpha Technology Holding (MATH)는 아부다비의 Gewan Holding 및 Zodia Markets (표준 차터드의 자회사)와 함께 ZMG7를 설립하는 전략적 합작 투자 계약을 발표했습니다. 이 파트너십은 중동의 디지털 자산 시장을 개발하는 것을 목표로 하며, 아랍 에미리트가 중요한 디지털 자산 관리 허브로서의 위치를 강화합니다.
2021년 표준 차터드에 의해 출범한 Zodia Markets는 디지털 자산 글로벌 인프라 구축에 대한 은행의 의지를 나타냅니다. 이 합작 투자에서는 파생상품 혁신, 시장 구조 최적화, 위험 관리에 대한 Metalpha의 전문 지식을 활용하여 규정을 준수하는 디지털 자산 거래 및 자산 관리 플랫폼을 구축할 것입니다.
Metalpha Technology Holding (MATH) a annoncé une joint-venture stratégique avec Gewan Holding d'Abou Dhabi et Zodia Markets, une filiale de Standard Chartered, pour former ZMG7. Le partenariat vise à développer le marché des actifs numériques au Moyen-Orient, renforçant ainsi la position des Émirats Arabes Unis en tant que centre clé pour la gestion des actifs numériques.
Zodia Markets, lancé par Standard Chartered en 2021, représente l'engagement de la banque à développer une infrastructure mondiale pour les actifs numériques. La joint-venture s'appuiera sur l'expertise de Metalpha en innovation des dérivés, optimisation de la structure du marché et gestion des risques pour établir une plateforme conforme de trading d'actifs numériques et de gestion de patrimoine.
Metalpha Technology Holding (MATH) hat eine strategische Partnerschaft mit Gewan Holding aus Abu Dhabi und Zodia Markets, einem Tochterunternehmen der Standard Chartered Bank, zur Gründung von ZMG7 angekündigt. Ziel der Partnerschaft ist die Entwicklung des Marktes für digitale Assets im Nahen Osten, um die Position der VAE als zentralen Standort für das Management digitaler Vermögenswerte zu stärken.
Zodia Markets, das 2021 von der Standard Chartered Bank ins Leben gerufen wurde, steht für das Engagement der Bank, eine globale Infrastruktur für digitale Vermögenswerte zu entwickeln. Das Joint Venture wird die Expertise von Metalpha in den Bereichen Derivative-Innovation, Marktstruktur-Optimierung und Risikomanagement nutzen, um eine konforme Plattform für den Handel mit digitalen Vermögenswerten und die Vermögensverwaltung zu schaffen.
- Strategic expansion into the Middle East digital asset market
- Partnership with established financial institutions (Standard Chartered subsidiary)
- Entry into UAE's growing fintech market with regulatory support
- None.
Insights
The formation of ZMG7 represents a strategically significant development for Metalpha Technology, potentially transforming its market position in the digital asset space. The partnership structure is particularly noteworthy, combining three complementary strengths: Metalpha's derivatives expertise, Gewan Holding's regional influence and Zodia Markets' institutional credibility as a Standard Chartered subsidiary.
The UAE's regulatory framework for digital assets has been progressively accommodating, with the establishment of comprehensive virtual asset frameworks in both Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC). This regulatory clarity provides ZMG7 with a solid foundation for operations and potential competitive advantages in attracting institutional clients.
The venture's timing is particularly strategic as institutional adoption of digital assets in the Middle East accelerates. The region's sovereign wealth funds and family offices are increasingly seeking regulated exposure to digital assets, creating a substantial addressable market. The partnership with Zodia Markets, backed by Standard Chartered's reputation, could facilitate faster institutional client acquisition and regulatory compliance.
For Metalpha, this venture represents potential revenue diversification through:
- Access to the Middle East's high-net-worth individual market
- Institutional trading volume growth
- New product development opportunities in Islamic finance-compliant digital assets
However, success will depend on execution capability and the venture's ability to navigate regional competition from established crypto firms and traditional financial institutions also entering the space.
Zodia Markets is a subsidiary of Standard Chartered, a
Adrian Wang, CEO of Metalpha Technology Holding Limited, commented: "I'm very excited for our partnership and shared vision of advancing digital assets in the
The formation of ZMG7 LLC comes at a time when the
About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited (Nasdaq: MATH) went public on October 20, 2017. The listed Company, through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.
Forward-Looking Statements
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the
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