The agreement establishes a framework for cooperation aimed at integrating UPay’s technology capabilities with Changer’s regulated custody and settlement operations.
Changer.ae Limited, a regulated virtual asset custodian operating within Abu Dhabi Global Market (ADGM), has signed a Memorandum of Understanding (MoU) with UAE-based fintech and blockchain company UPay Global Technology L.L.C to explore collaboration in digital asset infrastructure and regulated financial services. The agreement establishes a framework for cooperation aimed at integrating UPay’s technology capabilities with Changer’s regulated custody and settlement operations.
The partnership seeks to develop compliant pathways for digital asset conversion by combining Changer’s licensed custody services with UPay’s blockchain infrastructure and digital wallet technology. Both companies intend to evaluate technical integration opportunities that support secure and regulated interactions between digital assets and traditional financial systems.
A key objective of the collaboration is to enable seamless interoperability between fiat currencies and digital assets. By leveraging Changer’s regulated custody and settlement capabilities alongside UPay’s digital wallet solutions, the companies aim to create frictionless and compliant mechanisms that allow users to convert between cryptocurrencies and fiat currencies more efficiently.
The initiative is expected to improve liquidity and accessibility for both retail and corporate users, supporting wider adoption of digital assets within regulated financial environments. The companies believe that enhanced access to digital asset services could contribute to the continued development of the UAE’s digital economy and financial innovation ecosystem.
As part of the partnership, Changer and UPay will also explore the deployment of next-generation digital asset infrastructure and payment solutions. The companies will assess potential programs that enable users to utilize digital assets globally, supported by Changer’s institutional-grade custody framework and regulatory oversight.
Changer operates under the regulation of the Financial Services Regulatory Authority (FSRA) within ADGM and is licensed to provide custody services, arrange investment deals, and act as an agent in investment transactions. The company focuses exclusively on safeguarding and managing digital assets for both individual and institutional clients.
UPay Global Technology provides blockchain infrastructure, cybersecurity solutions, digital wallet technology, and transaction platforms designed to support financial institutions and merchants. Drawing on the broader UPay Group’s expertise in financial technology, the company develops digital solutions aimed at improving security, scalability, and efficiency in digital transactions.
To support the collaboration, both organizations will appoint dedicated representatives and establish a joint working group responsible for technical integration, regulatory alignment, and operational coordination. The initiative reflects the growing interest among UAE-based financial technology companies in developing compliant digital asset solutions that bridge traditional finance and emerging blockchain technologies.