Regal RA DMCC, a subsidiary of Regal Assets Inc, was the first in the Middle East to receive the right to carry out cryptocurrency transactions, Bloomberg reports. This company offers its clients a digital currency storage service.
The main specialization of the subsidiary Regal Assets Inc. is investing and trading in precious metals. Now Regal RA DMCC will have the opportunity to conduct transactions with the most common digital currencies in the UAE, which significantly expands its investment opportunities.
As Regal Assets CEO Tyler Gallagher noted, the company’s specialists have developed the safest way to invest in cryptocurrency.
In order to expand the horizons of cooperation with partners, Regal RA DMCC offers “cold” storage of funds. This means that the assets will be stored in a specially equipped secure facility. At the same time, the storage will be isolated from the Internet. According to Tyler Gallagher, since the problem of theft of funds is especially pressing today, investors prefer to store their capital in secure storage facilities rather than on exchanges or online wallets.
Regal RA DMCC offers its clients a rather non-standard solution to the problem of the safety of crypto assets and calls it promising.
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