Changer.ae Ltd, a crypto custodian service, today officially launched its platform, providing individuals globally with a reliable, convenient, and accessible wallet to safeguard and manage their digital assets.

Changer is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) based in the UAE under which it is required to comply with all the rules and regulations related, among others, to safe custody provisions, technology governance, and other system controls.

As Changer ramps up its operations, it is currently waiving custody fees for early adopters, which is planned to come into effect in Q1 2024.

Cryptocurrency investors from all over the world can easily open an account via the user-friendly Changer mobile application that can be downloaded from the App Store, Google Play Store, or Huawei App Gallery, and once verified, can use it to store their digital assets.

Following today’s launch of its custody services, Changer is planning to introduce additional services in early Q1 2024 which will allow its users to convert their virtual assets into fiat currencies and hold those in escrow (client-money account) arrangements with a strategic bank partner which is yet to be disclosed.

Nadeem Ladki, Senior Executive Officer of Changer, commented on the launch:

“We are happy to witness the successful and global launch of Changer.ae, as the region’s first locally built, independent virtual asset custody provider catering to individuals. For widespread adoption of digital assets, users need a safe, trusted counterpart; and we are committed to investing in the infrastructure and abiding by the regulations necessary to provide that peace of mind to our global users to be a leader in this space.”