Core Insights - Metalpha Technology Holding Limited has partnered with Gewan Holding and Zodia Markets to establish a joint venture named ZMG7 LLC, aimed at enhancing the digital asset market in the Middle East [1][4] - This partnership is a strategic move in Metalpha's global expansion plan and reinforces the UAE's role as a significant hub for digital asset management [1][4] Company Overview - Metalpha Technology Holding Limited, founded in 2015, went public on October 20, 2017, and focuses on providing investing and wealth management services through an institutional-grade platform [5] - The company aims to lead in crypto wealth management services by leveraging blockchain expertise to deliver innovation and transparency [5] Partner Insights - Gewan Holding, based in Abu Dhabi, is known for its strategic investments across various sectors and has been a key player in driving innovation within the UAE's financial sector [2] - Zodia Markets, a subsidiary of Standard Chartered, was launched in 2021 to establish a strong presence in the global digital-asset infrastructure, particularly in emerging markets [3] Joint Venture Objectives - The formation of ZMG7 LLC aligns with the UAE's push for fintech innovation and regulatory frameworks for digital assets [4] - Metalpha will utilize its expertise in derivatives innovation, market structure optimization, and risk management to develop a compliant and competitive digital asset trading and wealth management platform [4]
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