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Hong Kong virtual insurance licensed company OneDegree announced a cooperation agreement with Saudi Walaa Cooperative Insurance Company, which will support OneDegree to provide global reinsurance funds for its digital asset insurance products. It is reported that OneDegree will join MENA in 2023 to cooperate with many local and international players who choose to use the local area as their Web3 business development base. Through cooperation with Walaa, OneInfinity by OneDegree will support virtual asset service providers in the region and even the world.