Metalpha Technology Holding Limited (Nasdaq: MATH) has announced a strategic partnership with Gewan Holding and Zodia Markets to create ZMG7 LLC, a joint venture focused on expanding the digital asset market in the Middle East. This partnership marks a significant step in Metalpha’s global expansion and strengthens the UAE’s position as a hub for digital asset management.
ZMG7 combines three key strengths: Metalpha’s expertise in derivatives, Gewan Holding’s regional influence, and Zodia Markets’ institutional credibility as a subsidiary of Standard Chartered. The UAE’s progressive regulatory framework for digital assets, with initiatives such as the Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC), provides a solid foundation for the venture, offering a competitive edge in attracting institutional clients.
The venture comes at a time of increasing institutional adoption of digital assets in the Middle East, particularly among sovereign wealth funds and family offices seeking regulated exposure. With Standard Chartered’s backing, Zodia Markets can help accelerate institutional client acquisition and ensure regulatory compliance in the region.
For Metalpha, this partnership offers potential revenue diversification by tapping into the Middle East’s high-net-worth individual market, growing institutional trading volume, and creating opportunities for new product development, especially in Islamic finance-compliant digital assets. However, success will depend on the venture’s ability to execute effectively and navigate competition from both established crypto firms and traditional financial institutions entering the space.
Adrian Wang, CEO of Metalpha Technology, expressed excitement about the partnership, saying, “We look forward to advancing digital assets in the Middle East and expanding our presence in this dynamic market.”
ZMG7 LLC will leverage Metalpha’s expertise in derivatives innovation, market structure optimization, and risk management to build a compliant and competitive digital asset trading and wealth management platform.
Metalpha Technology, founded in 2015 and publicly listed since 2017, is committed to providing institutional-grade investing and wealth management services with a focus on blockchain expertise and crypto wealth management solutions.
