Swiss crypto asset manager, Digital Asset Solutions (DAS), has announced its expansion into the United Arab Emirates (UAE) with the appointment of Csaba Dekany, a Swiss financial professional, as a strategic partner.
The move comes as DAS seeks to tap into the emerging financial hub of Dubai and strengthen its presence in the UAE market.
In 2022, Dekany made the decision to relocate to Dubai, recognizing the city’s growing prominence in both traditional and digital asset markets.
DAS, founded in the same year Dekany moved to Dubai, has set itself as a key player in financial services and investment management for digital assets.
Stefan Höchle, CEO of DAS, has expressed confidence in Dekany’s ability to contribute to the company’s growth strategy.
The company operates under the supervision of the self-regulatory organization PolyReg in Switzerland, with a focus on compliance with the highest standards of anti-money laundering (AML), customer protection, and transparency.
Significant Potential in UAE
As a strategic advisor to DAS management, Dekany is expected to play a crucial role in the company’s international expansion.
Dekany brings a wealth of experience to his new role at DAS, according to a report from finews.asia. He began his career at Credit Suisse, where he specialized in serving high net worth clients. Later, he spent a decade at the renowned multi-family office Granite Group in Zurich.
His extensive experience will be instrumental in identifying and evaluating new partnership opportunities in the UAE.
Joining Dekany in supporting DAS’s expansion is Sacha Fedier, CEO of VT Wealth Management based in Zurich. Fedier, who has been appointed to the board of directors, praised Dekany’s appointment and highlighted the UAE as a market with significant potential.
DAS’s foray into the UAE reflects the increasing recognition of the region’s growing importance in the crypto and digital asset space.
The UAE has been actively working to attract more crypto companies, successfully enticing operations from major players like Binance, OKX, Bitget, and Nomura’s Laser Digital.
UAE dominating in crypto with 72% into #Bitcoin! No surprise, smart moves from a smart nation. 🇦🇪💰 pic.twitter.com/Nr9mmlYMqQ
— fity.eth (@Fityeth) April 22, 2024
More recently, Austrian crypto exchange Bitpanda revealed it is expanding its operations to the Middle East and opening a regional office in the UAE.
The firm has tapped former 1inch Network’s business development and head of growth Walid Benothman to lead its operations in the region.
EXPLORE: How to Buy Bitcoin in Dubai, UAE
Furthermore, the UAE plans to use crypto for trade in the future and also set up a working regulatory framework, according to the country’s minister of state for foreign trade.
Last year, Thani Al-Zeyoudi said the country is considering a trade in currencies other than the US dollar.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
