Dubai Insurance has launched a crypto-enabled digital wallet in partnership with Zodia Custody, marking what it describes as the first such initiative within the UAE insurance sector.
The announcement was made in Dubai on Jan. 28, 2026, positioning the product as a regulated infrastructure for handling insurance transactions in digital assets.
The new wallet allows policyholders to pay insurance premiums and receive claims settlements using approved crypto assets within a secure environment.
Dubai Insurance said the solution was designed to meet institutional standards while aligning with existing UAE regulatory and governance frameworks.
The wallet integrates Zodia Custody’s institutional-grade custody services, which include advanced security architecture and compliance controls.
Company representatives said the partnership reflects a broader digital transformation strategy aimed at modernising insurance operations.
Dubai Insurance highlighted that the system is intended to streamline processes for both customers and internal teams by reducing friction in payments and settlements.
The insurer also noted that enabling digital-asset transactions could improve customer experience by offering more flexible payment options.
Zodia Custody’s role focuses on safeguarding digital assets and ensuring that transactions meet global compliance standards expected by regulators and institutions.
Dubai Insurance said the initiative supports the UAE’s wider push to establish itself as a regional hub for fintech and regulated digital-asset innovation.
The company stressed that all wallet functions will operate under applicable local laws, with further features subject to regulatory approvals.
This initiative represents a defining moment for the insurance sector as we responsibly integrate digital assets into regulated insurance operations.
Abdellatif Abuqurah said.
Zodia Custody said the collaboration demonstrates how institutional custody solutions can be applied beyond traditional financial services.
Our partnership ensures that premium payments and claims settlements in digital assets are supported by robust controls and security.
A Zodia Custody representative said.
Industry observers view the launch as a potential model for other insurers exploring digital-asset use cases without compromising regulatory compliance.
Dubai Insurance indicated that broader rollouts and additional functionality will depend on regulatory guidance and market readiness.
The launch underscores growing interest among traditional financial institutions in practical, regulated applications of crypto technology.
Executives involved in the project said the wallet balances innovation with caution by prioritising governance and consumer protection.
The insurer added that it will continue engaging with regulators and partners as it expands its digital offerings.