Dubai, United Arab Emirates, November twelfth, 2026, Chainwire
Fiat settlement, segregated shopper cash accounts and correspondent banking to help MidChains’ institutional providers.
MidChains FZE, a digital asset platform licensed by the Digital Property Regulatory Authority (VARA) to supply broker-dealer providers to retail, institutional and certified traders, at the moment introduced a strategic banking partnership with Customary Chartered.
Beneath the partnership, Customary Chartered will help MidChains with a variety of banking providers, together with fiat settlement capabilities, segregated shopper cash accounts, and correspondent banking. These providers will energy MidChains’ day-to-day operations and allow environment friendly settlement.
Rola Abu Manneh, Chief Govt Officer, UAE, Center East and Pakistan, Customary Chartered, mentioned: “The UAE has established itself as one of many world’s main regulatory environments for digital property and a world centre for monetary exercise. That creates a powerful setting for regulated digital asset corporations and established monetary establishments to work collectively. Our partnership with MidChains places that chance into follow, with Customary Chartered offering the banking providers that help its institutional exercise, together with fiat settlement, segregated shopper cash accounts and correspondent banking.”
Basil Al Askari, Chief Govt Officer, MidChains, added: “Institutional capital strikes constantly between conventional and digital markets, and the infrastructure supporting that exercise should preserve tempo. For institutional traders, digital asset providers want to attach with the banking system that helps their wider exercise. Our partnership with Customary Chartered brings that connection to MidChains’ institutional providers, supporting purchasers as capital strikes between conventional and digital markets.”
By bringing a VARA-licensed digital asset platform along with a longtime worldwide financial institution, the partnership connects institutional digital asset exercise with the banking infrastructure behind fiat settlement. It’s a sensible instance of how the UAE’s regulated monetary ecosystem can hyperlink innovation with established banking capabilities to help worldwide enterprise.
About MidChains
MidChains is a VARA-licensed regulated digital asset infrastructure supplier headquartered within the UAE, serving institutional and company purchasers globally. Working as a regulated entity since 2019, MidChains holds a VARA Dealer-Vendor licence for retail, institutional and certified traders.
MidChains is backed by Mubadala Funding Firm, Lunate, MIAX Alternate Group, Brevan Howard, GSR, Emurgo, Dhabi Holdings and Ava Labs. Providers embrace institutional OTC execution, regulated on/off ramps, and stablecoin-enabled company treasury execution and cross-border settlement.
For extra data, go to www.midchains.com. Comply with MidChains on X and LinkedIn.
About Customary Chartered
They’re a number one worldwide banking group, with a presence in 55 of the world’s most dynamic markets. Their objective is to drive commerce and prosperity by means of the distinctive variety, and heritage and values are expressed in model promise, right here for good.
Customary Chartered PLC is listed on the London and Hong Kong inventory exchanges.
For extra tales and professional opinions please go to Insights at sc.com. Comply with Customary Chartered on X, LinkedIn, Instagram and Fb.
Contact
Advertising SupervisorVincent CourquetMidChains[email protected]
