Latest news with #Tungsten


Fintech News ME
18 hours ago
- Business
- Fintech News ME
Zodia Custody Completes Acquisition of Abu Dhabi's Tungsten Custody Solutions
Zodia Custody, a London-based institution-focused digital assets platform backed by Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures, has announced the completion of its acquisition of Tungsten Custody Solutions, a regulated digital asset custodian based in the UAE. This follows an earlier announcement in April regarding Zodia Custody's intent to acquire Tungsten. The acquisition strengthens Zodia Custody's capacity to provide secure digital asset custody services in jurisdictions considered central to the development of digital finance. The transaction also transfers Tungsten's regulatory license under the Financial Services Regulatory Authority (FSRA) to Zodia Custody. Additionally, Zodia Custody will continue the process of obtaining a full Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority (VARA), following Tungsten's initial approval certificate from the regulator. 'Zodia Custody's acquisition of Tungsten reflects our long-standing and ongoing commitment to the UAE,' said Dom Longman, Global Head of Markets at Zodia Custody. 'We are excited to deepen our presence in a market that is leading digital asset regulation through meaningful collaboration and revenue synergies with businesses operating under its authority. We hope to replicate this type of relationship across the markets in which we operate.' Tungsten was incubated by Further Ventures, an Abu Dhabi-based venture capital firm focused on digital assets. As part of the acquisition, Further Ventures will join Zodia Custody's cap table. The firm's established connections to the UAE's investment and regulatory landscape are expected to support Zodia Custody's ongoing regional collaboration. The acquisition comes amid growing merger and acquisition activity in the digital assets sector and reinforces Zodia Custody's position as a provider of institutional-grade custody services.


Mid East Info
a day ago
- Business
- Mid East Info
Figment Expands into Middle East With Key Hire, Amid Strategic Partnership and Rising Institutional Demand - Middle East Business News and Information
United Arab Emirates, June 2025 — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten's well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment's infrastructure. The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment's first on-the-ground hire in the region. 'Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,' said Christoph Richter. 'With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy Figment's formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies. 'The Middle East is uniquely positioned to benefit from institutional staking,' said Eva Lawrence, Figment's Head of EMEA & Regional MD. 'With Christoph's deep background in traditional finance and digital assets, he's perfectly placed to lead our growth in this high-potential market.' Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of TradFi derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC & ETH trading venture Vol Capital, building market neutral quantitative investment strategies. Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region's major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment's regional growth. This move builds on Figment's global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment's leadership as the most trusted institutional staking provider. Christoph's appointment and the partnership with Tungsten underscore Figment's commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region. About Figment: Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment's mission to support the adoption, growth, and long-term success of the digital asset ecosystem.


Zawya
3 days ago
- Business
- Zawya
Figment expands into Middle East with key hire, amid strategic partnership and rising institutional demand
RELATED TOPICS CRYPTOCURRENCY RELATED COMPANIES BNP MUFG P3 Virginia ADGM Figment Vol Capital United Arab Emirates — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten's well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment's infrastructure. The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment's first on-the-ground hire in the region. 'Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,' said Christoph Richter. 'With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy - and the MENA region is ready.' A Strategic Regional Push Figment's formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies. 'The Middle East is uniquely positioned to benefit from institutional staking,' said Eva Lawrence, Figment's Head of EMEA & Regional MD. 'With Christoph's deep background in traditional finance and digital assets, he's perfectly placed to lead our growth in this high-potential market.' Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of TradFi derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC & ETH trading venture Vol Capital, building market neutral quantitative investment strategies. Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region's major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment's regional growth. Continued Global Investment, Local Leadership This move builds on Figment's global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment's leadership as the most trusted institutional staking provider. Christoph's appointment and the partnership with Tungsten underscore Figment's commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region. Press Contact Peter Redding peter@ Amy McAllister Byrne: amy@ About Figment Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment's mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit


Globe and Mail
5 days ago
- Business
- Globe and Mail
NORTHCLIFF ANNOUNCES CLOSING OF $1.2 MILLION PRIVATE PLACEMENT FINANCING
, /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that further to its press release dated June 19, 2025 , it has closed a non-brokered private placement (the "Private Placement") of 19,842,128 common shares of the Company at a price of $0.06 per common share for gross proceeds to the Company of $1,190,527.68 . Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada , to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. Andrew Ing Chairman, President & CEO
Yahoo
25-06-2025
- Business
- Yahoo
Sandwich restaurant to open Myrtle Beach location, offer free hoagies. Here's where
A popular sandwich restaurant chain is prepping to open a Myrtle Beach location later this week. PrimoHoagies, a restaurant chain originally from Philadelphia with locations up and down the East Coast, is bringing a taste of its beloved sandwiches on fresh-baked bread to Myrtle Beach. The chain will open a new location behind the Coastal Grand Mall at 1753 Sea Pine Blvd., Building B, Unit 101 on Thursday, and the first 100 customers in line will receive a free hoagie. The grand opening and ribbon-cutting ceremony for the shop will begin at 9:45 a.m. As an added incentive to bring in customers, the shop is offering $10 hoagies through Sunday to customers who sign up for the chain's PrimoPerks rewards program. The Myrtle Beach shop is owned by Horry County native Angela Hayes Victoria. Victoria started out as a devoted PrimoHoagies customer, and now has plans to open 10 stores to serve what she says are 'life changing' hoagies in the Myrtle Beach area. 'There was a PrimoHoagies several years ago that closed during COVID. We used to eat there regularly and were so disappointed when it shut down — it was the best hoagie we ever had,' she said in a statement. Victoria and her husband have lived in the Myrtle Beach area since 1999, and founded their architecture and commercial general contracting firm, Tungsten, in 2007. The 2,100-square-foot store anticipates employing 15 to 20 staff members. It will offer dine-in, takeout, delivery and catering options, as well as outdoor seating. The store will be open from 10 a.m. to 8 p.m. daily.