Changer.ae and DeScript Labs Sign MoU to Develop Digital Asset Settlement Solutions in the UAE
ADGM-regulated virtual asset custodian Changer.ae has signed a memorandum of understanding with DeScript Labs to collaborate on digital asset settlement and merchant technology solutions in the UAE. The agreement is aimed at building compliant pathways that allow businesses to accept digital assets from customers while receiving settlement in fiat currency, including the UAE dirham (AED).
According to the companies, the partnership combines Changer.ae’s regulated custody and compliance capabilities with DeScript Labs’ merchant infrastructure. The model is designed to help merchants accept digital assets without being directly exposed to cryptocurrency price volatility, while also broadening the range of payment options available to businesses and their customers.
The initiative is expected to be particularly relevant for high-value sectors in the UAE, including real estate, automotive, and luxury retail. These industries often serve local and international clients who may prefer alternative transaction methods, including payments made using digital assets.
Under the proposed framework, Changer.ae will provide the custody, conversion, and regulatory compliance layer. DeScript Labs will contribute the merchant-facing technology, including its PayTheFly solution, to deliver a fiat-like settlement experience for storefronts and enterprises.
The collaboration will also explore commercial clearing solutions for corporate entities. This would allow businesses to convert digital assets into fiat currency for treasury operations and improve settlement efficiency, while maintaining compliant transaction flows between digital asset holders and traditional corporate networks.
Changer.ae operates under the supervision of the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM). The company holds licences to provide custody services, arrange deals in investments, and deal in investments as an agent for both retail and professional clients.
DeScript Labs focuses on digital asset settlement infrastructure and develops scalable tools for commercial enterprises. As part of the agreement, the two companies will establish a joint working group to assess technical integration, operational requirements, and regulatory alignment.
Industry Analysis
The partnership reflects a broader push in the UAE to create infrastructure that connects digital assets with conventional payment and settlement systems. By focusing on fiat settlement rather than direct crypto exposure for merchants, the model may lower operational barriers for businesses considering digital asset acceptance.
It also highlights the growing importance of regulated custody and compliance frameworks in enabling practical use cases for digital assets. If developed successfully, the collaboration could support wider adoption across sectors where high-value transactions and international clients create demand for more flexible payment methods.
For the UAE market, the initiative reinforces the country’s role as an active hub for regulated digital asset innovation, particularly where business payments, settlement efficiency, and compliance intersect.
