Latest news with #GewanHolding
Khaleej Times
3 days ago
- Business
- Khaleej Times
UAE is rapidly becoming the go-to destination for the world's wealthiest families
The UAE is rapidly becoming the go-to destination for the world's wealthiest families seeking to manage assets worth trillions of dollars, and the recent Family Office Summit 2025, held in Abu Dhabi, underscored this shift. With its tax advantages, strategic location, and progressive regulatory framework, the UAE is redefining wealth management, attracting global high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) seeking innovative and secure ways to preserve and grow their wealth. Bringing together 235 high-level participants — including 61 family offices, 82 family holdings, and representatives managing over $500 billion in assets — the summit highlighted why the UAE is a magnet for family offices. The summit, a cornerstone event for global investors, showcased Abu Dhabi's rise as a hub for wealth leadership, building on the success of previous Dubai editions. Discussions spanned 11 panels, covering topics from governance to the future of legacy, with a focus on how family offices are evolving. A standout panel, 'Family Office 2.0,' featured experts like Vaidotas Melynavicius of Santocedrus Capital and Amer Al Osh of Gewan Holding, who emphasized the role of next-generation leaders in driving tech-enabled, future-ready family offices. These young stewards are embedding sustainability, technology, and entrepreneurial thinking into their investment strategies, reflecting a generational shift. According to a recent report, 79 per cent of Middle Eastern next-gen investors see high potential in digital and tech sectors, aligning with the UAE's innovation-driven vision. The UAE's appeal lies in its unique blend of advantages. Dubai, home to over 75 per cent of the region's family offices, manages more than $1.2 trillion in assets through 120 families and 800 family-related entities, as noted by Arif Amiri, CEO of the Dubai International Financial Centre (DIFC) Authority. The DIFC, the Middle East, Africa, and South Asia's leading financial hub, oversees $450 billion in private wealth and is central to this ecosystem. With access to $3 trillion in private wealth within an hour's flight, Dubai's strategic location makes it a gateway for global investment, connecting Asia, Europe, and the Americas. Tax benefits are a major draw. The UAE's zero-income tax, zero capital gains tax, and absence of inheritance tax create a tax-efficient environment for wealth preservation across generations. The introduction of a corporate tax in 2023 has further strengthened the UAE's financial framework, offering clarity and stability. These advantages are particularly appealing to Indian HNWIs, who are increasingly relocating to the UAE to structure their finances. The DIFC's 2023 Family Arrangement Regulations provide tailored support for single and multi-family offices, ensuring seamless operations for wealth management, tax planning, estate planning, and legal counsel. The UAE's regulatory environment is another key factor. The Dubai World Trade Centre Authority and DIFC have established clear frameworks for family offices, supporting both single-family offices (SFOs) and multi-family offices (MFOs). The DIFC's Global Family Business and Private Wealth Centre, launched in 2022, is the first of its kind globally, offering advisory services, networking, and dispute resolution. Family businesses contribute significantly to the emirate's economy, aligning with the Dubai Economic Agenda D33, which aims to position Dubai among the world's top four financial centers by 2033. Investment opportunities in the UAE are diverse and dynamic. Family offices are increasingly drawn to private equity, particularly in green energy, which aligns with the UAE's sustainability goals. Real estate, hospitality, technology, and healthcare are also thriving sectors, offering high growth potential. The Abu Dhabi summit highlighted how family offices are leveraging these opportunities to diversify portfolios and drive long-term value. For instance, discussions revealed a growing interest in digital assets, with the UAE's Virtual Asset Regulatory Authority (VARA) providing clarity and custody solutions. Next-gen and female leaders are embracing cryptocurrencies as strategic asset classes, moving beyond speculation to structured investments. The summit's focus on governance and resilience resonated strongly. Panels explored how family offices can future-proof their operations through smart governance, proactive risk management, and alignment with long-term goals. Technologies like artificial intelligence are being adopted to enhance decision-making and legacy planning, particularly by younger leaders. Obediah Ayton, Chairman of the Family Office Summit, noted, 'Family offices are strategically balancing financial returns with long-term impact, particularly through investments in high-potential sectors like healthcare and real estate.' The event's curated design, with dynamic seating and private networking lounges, fostered meaningful connections, with 19 family offices attending in the UAE for the first time. As a speaker at the event noted, 'the UAE's progressive vision, exemplified by its embrace of next-gen and female leadership, sets it apart.'
Associated Press
13-02-2025
- Business
- Associated Press
Global Digital Currency & Wealth Management Leader; Breakout 388% FY2025 Revenue Growth Reaching Over $19.7 Million: Metalpha Technology Holding Limited (Nasdaq: MATH)
$MATH Authorizes a $5 Million Share Repurchase Program Global Leader in Digital Asset Wealth Management with a Full-Service, Institutional-Grade Platform and Dedicated Blockchain Expertise. Robust Financial Performance Demonstrating Substantial Growth Amid Increasing Adoption of Cryptocurrency. For The Six Months Ended September 30, 2024, Achieved Total Revenue of $19,720,654, Nearly a Fourfold Increase over The Same Period in 2023. Net Income Reached $6,044,921 for a Turnaround to Profitability. Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market. Expertise in Derivatives Innovation, Market Structure Optimization and Risk Management to Support a Fully Compliant and Globally Competitive Digital Asset Trading and Wealth Management Platform. Founded in 2015, Metalpha Technology Holding Limited (Nasdaq: MATH) through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, MATH 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. Half-Year FY2025 Financial Results with Revenues Up Nearly Four-Fold, Plus Launch of $5 Million Share Repurchase Program On February 13th MATH announced its unaudited financial results for the six months ended September 30, 2024, with revenue up by an impressive 388% compared to the same period in FY2024. MATH also announced that its Board of Directors has approved a share repurchase program of up to $5 million, reflecting confidence in the Company's future growth. Since the announcement of a joint venture with Antalpha Technologies Limited on November 8th, 2021, MATH has grown to become a leader in digital asset wealth management, with its robust financial performance demonstrating substantial growth amid increasing adoption of cryptocurrency. FY2025 Interim Results Highlights For the six months ended September 30, 2024, MATH achieved total revenue of $19,720,654, nearly fourfold compared to $5,085,150 for the same period in FY2024. Net income reached $6,044,921, a remarkable turnaround from a net loss of $3,856,955 in the prior-year period. The growth was driven by the pursuit of delivering high-quality products and services to clients. For further information regarding the MATH financial results for the first six months of fiscal year 2025, please refer to the unaudited consolidated financial statements of the Company as of September 30, 2024 and for the six months ended September 30, 2024, furnished to the U.S. Securities and Exchange Commission on Form 6-K and available at $5 Million Share Repurchase Program Metalpha's Board of Directors has approved a MATH share repurchase program of up to $5 million over the next 36 months. Repurchases may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible methods, depending on market conditions and the Company's capital requirements. This MATH share repurchase program reflects Metalpha's confidence in its long-term strategic direction and commitment to deliver value to its shareholders. Through disciplined capital allocation, MATH management aims to enhance per-share value and provide long-term returns for its investors. Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company's future: 'The robust interim results, coupled with our growing partnerships and expanded financial offerings, showcase our commitment to meet the customer demand. Behind the attractive financial numbers, we made significant investments in areas that are less apparent but even more critical to our success. Best talents, state-of-the-art technology infrastructure, and extremely comprehensive internal control systems are all essential for long-term scalability and sustainability. These efforts demonstrate our dedication to excellence. Looking ahead, we remain focused on advancing technology, enhancing customer experiences, and innovating best digital asset derivative products.' Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market On February 10th MATH announced it has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management. 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. Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure. The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, MATH will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform. Media Contact Phone: 852-35652921 State: Hong Kong Country: China
Globe and Mail
13-02-2025
- Business
- Globe and Mail
Global Digital Currency & Wealth Management Leader; Breakout 388% FY2025 Revenue Growth Reaching Over $19.7 Million: Metalpha Technology Holding Limited (Nasdaq: MATH)
$MATH Authorizes a $5 Million Share Repurchase Program Global Leader in Digital Asset Wealth Management with a Full-Service, Institutional-Grade Platform and Dedicated Blockchain Expertise. Robust Financial Performance Demonstrating Substantial Growth Amid Increasing Adoption of Cryptocurrency. For The Six Months Ended September 30, 2024, Achieved Total Revenue of $19,720,654, Nearly a Fourfold Increase over The Same Period in 2023. Net Income Reached $6,044,921 for a Turnaround to Profitability. Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market. Expertise in Derivatives Innovation, Market Structure Optimization and Risk Management to Support a Fully Compliant and Globally Competitive Digital Asset Trading and Wealth Management Platform. Founded in 2015, Metalpha Technology Holding Limited (Nasdaq: MATH) through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, MATH 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. Half-Year FY2025 Financial Results with Revenues Up Nearly Four-Fold, Plus Launch of $5 Million Share Repurchase Program On February 13th MATH announced its unaudited financial results for the six months ended September 30, 2024, with revenue up by an impressive 388% compared to the same period in FY2024. MATH also announced that its Board of Directors has approved a share repurchase program of up to $5 million, reflecting confidence in the Company's future growth. Since the announcement of a joint venture with Antalpha Technologies Limited on November 8th, 2021, MATH has grown to become a leader in digital asset wealth management, with its robust financial performance demonstrating substantial growth amid increasing adoption of cryptocurrency. FY2025 Interim Results Highlights For the six months ended September 30, 2024, MATH achieved total revenue of $19,720,654, nearly fourfold compared to $5,085,150 for the same period in FY2024. Net income reached $6,044,921, a remarkable turnaround from a net loss of $3,856,955 in the prior-year period. The growth was driven by the pursuit of delivering high-quality products and services to clients. For further information regarding the MATH financial results for the first six months of fiscal year 2025, please refer to the unaudited consolidated financial statements of the Company as of September 30, 2024 and for the six months ended September 30, 2024, furnished to the U.S. Securities and Exchange Commission on Form 6-K and available at $5 Million Share Repurchase Program Metalpha's Board of Directors has approved a MATH share repurchase program of up to $5 million over the next 36 months. Repurchases may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible methods, depending on market conditions and the Company's capital requirements. This MATH share repurchase program reflects Metalpha's confidence in its long-term strategic direction and commitment to deliver value to its shareholders. Through disciplined capital allocation, MATH management aims to enhance per-share value and provide long-term returns for its investors. Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company's future: "The robust interim results, coupled with our growing partnerships and expanded financial offerings, showcase our commitment to meet the customer demand. Behind the attractive financial numbers, we made significant investments in areas that are less apparent but even more critical to our success. Best talents, state-of-the-art technology infrastructure, and extremely comprehensive internal control systems are all essential for long-term scalability and sustainability. These efforts demonstrate our dedication to excellence. Looking ahead, we remain focused on advancing technology, enhancing customer experiences, and innovating best digital asset derivative products." Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market On February 10th MATH announced it has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management. 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. Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure. The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, MATH will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform. For more information on MATH visit: Disclosure listed on the CorporateAds website Media Contact Company Name: Metalpha Technology Holding Limited Contact Person: Adrian Wang, Chairman and CEO Email: Send Email Phone: 852-35652921 Address: Central Plaza Suite 6703-04 18 Harbour Road Wan Chai City: Wan Chai State: Hong Kong Country: China Website:
Mid East Info
06-02-2025
- Business
- Mid East Info
ZMG7 LLC: Pioneering the UAE's digital asset transformation through global collaboration
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.
