HONG
KONG, Feb. 4, 2025 /PRNewswire/ -- Gewan
Holding, Zodia Markets, and Metalpha Limited have today officially
announced the launch of ZMG7 LLC, a partnership set to
redefine the global digital asset ecosystem. This unique
partnership combines the expertise and resources of three
powerhouses in finance and digital innovation, with each partner
bringing their own distinct strength to the partnership.
Abu Dhabi-based Gewan
Holding, renowned for its diverse portfolio of strategic
investments across various industry sectors, has long been a driver
of innovation in the UAE capital's financial sector, and
beyond.
Backed by Standard Chartered Bank and operating across many key
global jurisdictions, including Abu
Dhabi, Zodia Markets is an institution-first digital
asset brokerage. Having established itself as a leader in OTC spot
liquidity, Zodia Markets has built a reputation for offering
industry-leading pricing and settlement services to institutional
clients, through its bank-grade infrastructure.
Metalpha Limited, founded in 2021, Metalpha Limited is a
global leading provider of digital asset focused wealth management
products and services. As a subsidiary of Metalpha Technology
Holding Limited, the company specializes in crypto
derivatives, serving institutions such as exchanges, mining firms,
investment funds, and family offices. With top talent from Wall
Street banks and deep blockchain expertise, Metalpha Limited aims
to lead the crypto wealth management industry, driving
innovation, transparency, and sustainable growth for its clients
worldwide.
Commenting on the launch, Alaa Al
Ali, CEO of Gewan Holding, said: "ZMG7 embodies the
vision of innovation and collaboration that is central to our
values at Gewan Holding. This venture is also a testament to
Abu Dhabi's growing prominence as
a global hub for digital assets and financial technology."
Amer Al Osh, Chief Development
Officer, Gewan Holding, added: "By joining forces with Zodia
Markets and Metalpha, we aim to unlock unprecedented opportunities
in the digital asset landscape, driving its rapid yet sustainable
growth across the UAE, the GCC, and beyond."
Adrian Wang, CEO of Metalpha
Limited, further remarked: "I'm very excited for our
partnership and shared vision of advancing digital assets in the
Middle East. Aiming to play a
pivotal role to drive mass adoption of digital assets in the
region, we look forward to expanding our presence in this dynamic
market."
Also sharing his enthusiasm for today's announcement,
Usman Ahmad, Co-Founder and CEO
of Zodia Markets, said: "It is a privilege to partner with
esteemed institutions like Gewan Holding and Metalpha. Together,
our unique capabilities and combined infrastructure will create
unparalleled synergies, enabling us to contribute to the growth of
the global digital asset markets. Having received our Financial
Services Permission from the FSRA in Abu Dhabi Global Market on
December 24, ZMG7 reiterates our
commitment to the UAE and our ambitious goals in the global digital
asset ecosystem."
The formation of ZMG7 signals the foundation for an ambitious
initiative seeking to enhance the UAE's leadership in global
digital asset management. The joint venture is also poised to
deliver significant value by leveraging the distinct expertise of
its partners, further positioning Abu
Dhabi and the wider GCC region as key players in the future
of finance.
-ENDS-
Notes to Editors:
Gewan Holding
Gewan Holding is a prominent Abu
Dhabi based investment conglomerate committed to driving
transformative growth and innovation across diverse sectors. Guided
by Abu Dhabi economic Vision 2030,
we are at the forefront of shaping a dynamic future by harnessing
the potential of varied industries.
Metalpha Limited
Founded in 2021, Metalpha Limited is a global leading provider
of digital asset focused wealth management products and services.
As a subsidiary of Metalpha Technology Holding Limited (NASDAQ:
MATH), the company specializes in crypto derivatives,
serving institutions such as exchanges, mining firms, investment
funds, and family offices. With top talent from Wall Street banks
and deep blockchain expertise, Metalpha Limited aims to lead the
crypto wealth management industry, driving innovation,
transparency, and sustainable growth for its clients worldwide.
Zodia Markets
Zodia Markets is the institution-first digital asset brokerage
providing comprehensive over-the-counter (OTC) trading solutions to
clients across the globe. Born out of the innovation unit of
Standard Chartered Bank, SC Ventures, and Asia's leading digital asset company, OSL
Group, Zodia Markets supports over 50 digital assets and in excess
of 20 fiat currencies.
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SOURCE Metalpha Technology Holding Limited
