Big news for #Web3 businesses in the UAE! The Central Bank has officially licensed Relm Insurance and Liva Insurance to offer:
🔹 SIGMAWEB3 – Tailored coverage for digital asset companies
🔹 SIGMAWEB3 VARA – Compliant insurance for #VARA-regulated firms
Why This Matters:
✅ Fills critical gaps – Covers complex risks (cyber, crime, custodial) specific to crypto/blockchain ops
✅ Regulatory milestone – First Central Bank-approved products meeting #VARA requirements
✅ Market confidence – Signals institutional maturity for UAE’s Web3 ecosystem
Perfect for:
• Crypto exchanges & VARA applicants needing compliant coverage
• Web3 startups seeking specialized risk management
• Investors tracking UAE’s regulatory evolution
"This approval empowers businesses with the protection needed to innovate confidently in a rapidly evolving market" -
Joseph Ziolkowski
Relm CEOWhat This Means for Your VARA Application
1️⃣ Faster Compliance
- Pre-approved solutions reduce back-and-forth with regulators
- SIGMAWEB3 VARA aligns with VARA’s 65+ documentation requirements
2️⃣ Risk Mitigation
- Covers gaps traditional insurers often exclude (e.g., smart contract exploits)
3️⃣ Strategic Advantage
- Demonstrates operational maturity to investors and partners
