HONG
KONG, Feb. 10, 2025 /PRNewswire/ -- Metalpha
Technology Holding Limited (Nasdaq: MATH) is pleased to announce
that its wholly owned subsidiary, Metalpha Limited, has partnered
with Gewan Holding and Zodia Markets
to establish ZMG7 LLC, a joint venture aimed at driving the growth
of the digital asset market in the Middle
East. This milestone partnership marks a significant step in
the company's global expansion strategy and strengthens the UAE's
position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse
portfolio of strategic investments across various industry sectors,
has long been a driver of innovation in the UAE capital's financial
sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank
with a presence largely in emerging markets, such as Asia, Africa
and the Middle East. Standard
Chartered launched Zodia Markets in 2021 alongside OSL, in a move
that highlighted the Bank's desire to be leaders in the development
of global digital-asset infrastructure.
Adrian Wang, CEO of Metalpha
Technology Holding Limited, commented: "I'm very excited for
our partnership and shared vision of advancing digital assets in
the Middle East. Aiming to play a
pivotal role to drive mass adoption of digital assets in the
region, we look forward to expanding our presence in this dynamic
market."
The formation of ZMG7 LLC comes at a time when the UAE is
actively embracing fintech innovation and digital asset regulatory
frameworks. As part of this joint venture, Metalpha will leverage
its expertise in derivatives innovation, market structure
optimization, and risk management to support ZMG7 LLC in building a
fully compliant and globally competitive digital asset trading and
wealth management platform.
About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited
(Nasdaq: MATH) went public on October 20, 2017. The
listed Company, through its subsidiaries, is dedicated to providing
investing and wealth management services with a full-service,
institutional-grade platform. With dedicated blockchain expertise,
the Company aims to become a leader in the field
of crypto wealth management services,
bringing robust innovation and transparency to the customers and
businesses it serves.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Management has based these forward-looking
statements on its current expectations, assumptions, estimates and
projections. While they believe these expectations, assumptions,
estimates and projections are reasonable, such forward-looking
statements are only predictions and involve known and unknown risks
and uncertainties, many of which are beyond management's control.
These statements involve risks and uncertainties that may cause
Metalpha's actual results, performance or achievements to differ
materially from any future results, performance or achievements
expressed or implied by these forward-looking statements.
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SOURCE Metalpha Technology Holding Limited
