Crystal News | June 11, 2024

Crystal partners with UAE’s RAK DAO

by Conrad Eliott


We are delighted to announce that we have partnered with RAK Digital Asset Oasis (RAK DAO), a dynamic Web3 ecosystem developer, to accelerate Web3 development in Ras Al Khaimah, UAE. 

RAK Digital Assets Oasis (RAK DAO) is the worlds first and only common law Free Zone established to support and nurture web3 companies.  

In the UAE Emirate of Ras Al Khaimah, RAK DAO offers a transparent legislative framework that simplifies the process of opening and operating virtual asset companies. By fostering a vibrant ecosystem and providing comprehensive services, RAK DAO drives the future of emerging sectors, propels innovation, and unlocks the potential of digital assets. 

The partnership will leverage both groups’ strengths to support RAK DAO’s growing network of over 170 digital asset entities, building the future of Web3.  

The collaboration will enable the establishment of Crystal operations within the RAK DAO Free Zone to provide prioritized and streamlined access and connectivity to Crystal services and the hosting of various educational events and programs.  

This partnership is designed to connect businesses across the ecosystem further and foster a conducive environment for technological advancements. 

Navin Gupta, CEO of Crystal Intelligence, commented, “This partnership with RAK DAO aligns perfectly with our mission to drive innovation and leadership in a key jurisdiction at the center of digital asset growth. Together, we are setting a foundation that will not only promote technological advancement but also solidify Ras Al Khaimah’s position as a leading hub for Web3 innovation.” 

By combining Crystal Intelligence’s technological expertise with RAK DAO’s influential network, this partnership elevates Ras Al Khaimah as a premier destination for Web3 innovation, offering promising new opportunities for local and international stakeholders. 

To learn more about how Crystal can enhance your crypto compliance program, contact us for a demo here. 

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