CBUAE Launches Middle East’s First Biometric Payment System
Dubai Insurance has launched the UAE insurance sector’s first digital wallet for crypto assets, developed with Zodia Custody. As a result, the launch represents a significant step in the sector’s digital transformation. Moreover, the wallet enables secure and transparent receipt of premiums and payment of insurance claims using digital assets.
Secure transactions and regulated infrastructure
The new wallet allows policyholders to transact seamlessly with digital assets while maintaining strong security and governance standards. At the same time, the initiative introduces a regulated infrastructure that supports transparency and operational efficiency. Additionally, the solution enhances customer experience and streamlines internal processes. Consequently, the launch positions the insurer as an early mover in next-generation insurance services.
By enabling premium payments and claims settlements in digital assets through a secure wallet, the company is redefining how insurance services are delivered. Meanwhile, it remains firmly aligned with regulatory and governance frameworks.
Partnership impact and regional significance
Through its partnership with Zodia Custody, Dubai Insurance gains access to an institutional-grade custody platform supported by advanced security architecture and global compliance standards. Moreover, the collaboration strengthens confidence in digital asset transactions across insurance operations.
At the same time, the launch supports the UAE’s ambition to remain a global fintech and digital innovation hub. Consequently, by integrating digital asset capabilities into insurance operations, the company is setting a new benchmark for transparent, efficient, and future-ready insurance services across the region.
