In August 2024, Cregis, an enterprise-level crypto infrastructure platform, announced that it had opened a new regional office in Dubai, marking an important step in Cregis' global strategic layout. As a company with deep accumulation in the field of blockchain technology, Cregis' Dubai regional office will become its strategic center in the EMEA (Europe, Middle East and Africa) region, promoting the company's expansion in the Middle East and surrounding markets.
Cregis has been headquartered in Hong Kong and has a regional office in Singapore since its establishment in 2017. Today, the opening of the Dubai regional office is not only a key step in Cregis' globalization strategy, but also demonstrates the company's confidence in the potential of the Middle East market.
Cregis will be committed to introducing the most cutting-edge Web3 technology to the Middle East market and providing strong crypto infrastructure support for local payment companies and Web3 teams. This will not only include advanced crypto asset management and payment settlement solutions, but will also promote the development and innovation of local crypto technology.
Cregis' globalization strategy is not only reflected in geographical expansion, but also in the continuous upgrading of its technology and services. The company has successfully provided services to more than 3,500 companies, with an average daily transaction volume of up to US$50 million, has created more than 100 million addresses, and has secured more than US$60 billion in crypto asset transactions.
In addition, Cregis has established a cooperative relationship with teams such as the European compliant exchange ZBX, and will provide our customers and partners with reliable technical solutions in terms of compliant encrypted payment settlement and ensuring the security of users' on-chain transactions.
Shawn Yan, founder and CEO of Cregis, said: "Cregis is actively promoting its global layout. By establishing a regional office in Dubai, we hope to give full play to Cregis' technical strength and industry experience to promote the development of the Middle East market, and radiate to markets such as Africa and Europe with Dubai as the core." This strategic layout will further consolidate Cregis' position in the global encryption market and bring more value to enterprises and users in the region.
Cregis' core product provides a full range of crypto asset solutions, combining Wallet as a Service (WaaS) and a crypto payment engine to ensure high levels of security while efficiently managing assets. Cregis' WaaS service allows enterprises to quickly integrate wallet functions without having to develop from scratch, and provides complete transaction APIs and developer documentation. The self-hosted MPC wallet allows users to control private keys, supports multi-signature management, and is suitable for complex asset management collaboration. The crypto payment engine service can help traditional merchants easily accept and manage cryptocurrencies from different blockchains and regions, realize T+0 automated settlement, and solve the problem of traditional merchants' cryptocurrency payment and settlement. It can be applied to common consumption scenarios such as online e-commerce and offline stores.
With the official operation of Cregis' regional office in Dubai, the company will further promote its business expansion worldwide, continuously improve its encryption technology service level, and bring more innovation and value to global customers.
