Latest news with #WangHao
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Changer and Bitgrit partner to advance AI-on-chain innovation in Abu Dhabi
Abu Dhabi's drive to be a global tech leader took another leap forward today as Changer, a secure digital asset custodian and Bitgrit, a global startup working to democratize AI, signed a landmark partnership. This partnership is set to dramatically advance the Distributed Ledger Technology (DLT) Foundation ecosystem in Abu Dhabi Global Market (ADGM), demonstrating how partnerships between regulated entities within a progressive jurisdiction can unlock new frontiers for 'AI-on-chain' technology. Changer, known for its ultra-secure custody platform for managing digital money and assets, will join forces with Bitgrit, which leverages its global network of over 40,000 AI developers to enable companies to crowdsource and license innovative AI solutions. Together, they aim to power a decentralized AI economy where developers, enterprises, and institutions can securely build, monetise, and trade AI models on the blockchain, right here in Abu Dhabi. Wang Hao, CEO of Changer, stated: 'This is a pivotal moment. Changer is dedicated to supporting ADGM's DLT Foundation – the world's first comprehensive framework for blockchain foundations, DAOs, and Web3 entities. We provide secure, regulated digital asset custody and a seamless infrastructure for tokenized ecosystems. With Bitgrit, we are forging new standards for transparency, efficiency, and global cooperation in the digital age.' The partnership will initially see Changer provide custody services for Bitgrit's native BGR tokens. It will then expand to secure AI models and datasets tokenized on Bitgrit's BGR Network. This capability is crucial for creating smooth and secure interactions between traditional finance, cryptocurrency, and the burgeoning AI economy, boosting security, transparency, and worldwide appeal. Kazuya Saginawa, CEO of Bitgrit, underscored the partnership's strategic vision: 'Teaming up with Changer is a game-changer for Bitgrit. Their trusted custody solutions allow us to confidently scale our decentralized AI ecosystem and position Bitgrit as a pioneer in the AI-on-chain revolution. This alliance solidifies our mission to securely bring advanced AI onto the blockchain, which will create immense value for developers, businesses, and investors across the globe.' The CEOs of both Bitgrit and Changer signed the Memorandum of Understanding at the ADGM Academy in front of an influential audience of over 50 industry leaders, including notable figures like Manabu Hosonuma, the Consul of Japan in Dubai, and Dmitry Fedetov, the Head of DLT Foundations at ADGM. Dmitry Fedetov commented on Linkedin: 'Witnessing the MoU signing between and Bitgrit DLT Foundation was an absolute pleasure! At ADGM, we champion synergies between ecosystem participants to drive meaningful innovation. Partnerships like this powerfully demonstrate how cooperation can shape the future of decentralized technologies, AI integration, and sustainable digital transformation. We wish both teams immense success on this exciting venture.' The event also served as an official announcement for the launch of the BGR Network by Bitgrit's COO Saksham Kukreja. The BGR Network is a purpose-built blockchain ecosystem for AI applications. It allows AI models and datasets to be securely tokenized, owned, and traded on-chain, offering unprecedented transparency, ownership, and monetization avenues for AI creators and enterprises. Its ability to connect with other established blockchain systems makes it a pioneering infrastructure for the next wave of AI development. Saksham Kukreja added, 'Our collaboration with Changer is fundamental to establishing a trusted, secure, and regulatory-compliant AI economy on the blockchain. This is not only a major achievement for Bitgrit but also a compelling example for the global Web3 community of how regulated partnerships in progressive jurisdictions like ADGM can catalyze sustainable and truly impactful innovation.' The cooperation between these two regulated firms within ADGM underscores how supportive regulatory environments can powerfully drive innovation, further cementing Abu Dhabi's position as a global leader in the advancement of blockchain and artificial intelligence.
Gulf Today
12-05-2025
- Business
- Gulf Today
Mbank provides AED Escrow Account Services to Changer.ae clients enabling secure and regulated Dirham to crypto conversions
Gulf Network In a significant step toward bridging the gap between traditional finance and the digital asset economy, Mbank provides AED Escrow Account Services to clients enabling secure and regulated dirham to crypto conversions and trades executed at the platform. Through this service, customers can safely utilize a Dirham escrow account powered by Al Maryah Community Bank (Mbank), while all conversions between dirhams and crypto assets are executed by Mbank and have announced the launch of a unique Dirham-based crypto conversion service, including a fully regulated fiat escrow account in AED for crypto transactions. The announcement was made during TOKEN2049 Dubai, with Mohammed Wassim Khayata, CEO of Mbank and Board Member of and Wang Hao, Senior Executive Officer at in attendance. The Central Bank of the United Arab Emirates (CBUAE) has officially approved Mbank to open an AED Escrow Account for is a premium independent crypto custodian service and Virtual Asset Service Provider (VASP) licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval enables secure and compliant holding of AED funds in escrow through Mbank's digital infrastructure, while the conversion of virtual assets and stablecoins such as USDT and USDC into AED is carried out by For customers, this means they can confidently and immediately convert their digital assets into local currency within a fully regulated and secure environment, eliminating the uncertainty and delays often associated with fiat, in on-ramp and off-ramp transactions. The service is entirely online, providing fast, transparent, and seamless access to funds, and allows individuals and businesses to manage crypto-to-fiat flows with ease, backed by Mbank's trusted digital banking platform. The cooperation between Mbank and enables individuals to exchange supported cryptocurrencies and stablecoins into AED via with the converted Dirham funds held securely in escrow by Mbank. It also provides businesses with the tools to operate transactions entirely within a regulated, blockchain-enabled system, with real-time access to fiat and crypto balances. Mr. Mohammed Wassim Khayata, CEO of Mbank and Board Member of stated: 'We are excited to offer this unique service to our customers, providing a seamless way to integrate Dirhams and crypto-related transactions with confidence. By providing AED Escrow Account Services to we ensure secure and regulated dirham to crypto conversions for Changer clients. This partnership with aligns with our mission to drive innovation in the UAE's financial ecosystem by offering regulated and secure financial infrastructure. The launch of this escrow account demonstrates the UAE's commitment to becoming a global crypto hub while maintaining the highest standards of security and regulatory compliance.' Mr. Wang Hao, Senior Executive Officer at said: 'At we are thrilled to bring this innovative product to the market in collaboration with Mbank. With the approval from CBUAE, we are enhancing our service offerings by providing a secure, reliable, and convenient way for customers to access crypto services. This product reflects our continued dedication to bridge the gap between traditional finance world and the rapidly growing world.' Mr. Tarek Soubra, Chief Technology Officer at Mbank, added: 'This new AED escrow account service is an exciting leap forward for both Mbank and By leveraging the safe and reliable crypto custody infrastructure and systems of developed in-house using the highest standards of security, reliability, and compliance without reliance on third-party Crypto custody platforms, and the seamless and straight through integration between the systems of Mbank and our customers benefit from a safe, fast, and transparent crypto-to-fiat experience. Customers can now convert their cryptocurrencies into AED through and then use their converted AED funds immediately and seamlessly, with Mbank holding the AED funds in escrow. Alternatively, Mwallet customers can now receive their converted AED funds immediately into their wallets and use them for any supported transactions or for immediate cash withdrawal, using Jaywan ATM card.' To find out more, visit
