Dubai, United Arab Emirates, 12th November 2026, Chainwire
Dubai, United Arab Emirates, November 12th, 2026, Chainwire
Fiat settlement, segregated consumer cash accounts and correspondent banking to help MidChains’ institutional companies.
MidChains FZE, a digital asset platform licensed by the Digital Belongings Regulatory Authority (VARA) to offer broker-dealer companies to retail, institutional and certified buyers, at present introduced a strategic banking partnership with Commonplace Chartered.
Beneath the partnership, Commonplace Chartered will help MidChains with a spread of banking companies, together with fiat settlement capabilities, segregated consumer cash accounts, and correspondent banking. These companies will energy MidChains’ day-to-day operations and allow environment friendly settlement.
Rola Abu Manneh, Chief Government Officer, UAE, Center East and Pakistan, Commonplace 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 robust setting for regulated digital asset corporations and established monetary establishments to work collectively. Our partnership with MidChains places that chance into follow, with Commonplace Chartered offering the banking companies that help its institutional exercise, together with fiat settlement, segregated consumer cash accounts and correspondent banking.”
Basil Al Askari, Chief Government Officer, MidChains, added: “Institutional capital strikes repeatedly between conventional and digital markets, and the infrastructure supporting that exercise should maintain tempo. For institutional buyers, digital asset companies want to attach with the banking system that helps their wider exercise. Our partnership with Commonplace Chartered brings that connection to MidChains’ institutional companies, supporting shoppers 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 shoppers globally. Working as a regulated entity since 2019, MidChains holds a VARA Dealer-Supplier licence for retail, institutional and certified buyers.
MidChains is backed by Mubadala Funding Firm, Lunate, MIAX Trade Group, Brevan Howard, GSR, Emurgo, Dhabi Holdings and Ava Labs. Companies 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. Observe MidChains on X and LinkedIn.
About Commonplace Chartered
They’re a number one worldwide banking group, with a presence in 55 of the world’s most dynamic markets. Their goal is to drive commerce and prosperity by the distinctive variety, and heritage and values are expressed in model promise, right here for good.
Commonplace 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. Observe Commonplace Chartered on X, LinkedIn, Instagram and Facebook.
Contact
Advertising and marketing Supervisor
Vincent Courquet
MidChains
[email protected]
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