🚀 UAE's Central Bank has given the green light for digital asset custodial risk insurance! Hong Kong's OneDegree and Dubai Insurance have teamed up to launch "OneInfinity," offering this insurance to UAE customers. 🛡️

- Protects against hacking, physical damage, and internal fraud.

- Provides peace of mind for crypto service providers.

- Similar to traditional banking's deposit protection schemes.

- First time available on-shore in the UAE.

Expect a surge in demand as more firms get licensed. Web3 just got a bit safer!