The facility allows crypto-commodities owners to store their Bitcoin, Ethereum and other altcoins in a vault located in Almas Tower, Dubai – the headquarters of Dubai Multi Commodities Centre (DMCC), the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities.
The vault at DMCC is one of the most secure precious metal facilities in the world and will store all Regal Assets’ crypto investments in the physical form, without connection to a network.
About Regal RA DMCC:
It is the subsidiary of Regal Assets Inc., which was founded in 2009 by an entrepreneur and investor named Tyler Gallagher. Regal Assets is one of the most successful international gold companies in the world, with recognition from the likes of Forbes, Smart Money, the Huffington Post and many others. The company was also ranked #20 in the U.S. by the famous Inc. 500 in the financial services category, and subsequently featured on the prestigious Reuters Sign on Times Square.
Regal offers one stop shop when it comes to physical precious metal investing. The company, however, specializes in helping individual investors add physical precious metals to their investment portfolios and savings accounts. Regal Assets is the only company in the gold investment realm that boasts zero complaints and 5 star ratings on the Better Business Bureau (BBB), The Business Consumer Alliance (BCA) and TrustLink.
Following the launch of storage facility by Regal RA DMCC, crypto-commodities owners can now store their Bitcoin, Ethereum and other altcoins in a vault located in Almas Tower, Dubai – the headquarters of DMCC, the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities.
How is the storage done by Regal RA DMCC?
The Regal Assets security process involves generating offline blocks, using the specific crypto-commodity’s block chain derived algorithm. The key is then printed offline within the secured environment on a specialized wallet and placed in deep cold storage in the DMCC vault. Investors can purchase additional coins, or sell, at any time they wish.
DMCC is the dedicated global centre for more than 14,100 businesses from a wide range of industries and sectors, as diverse as agro, energy and financial services to diamonds, gold and base metals. DMCC was named ‘Global Free Zone of the Year’ 2017 by The Financial Times fDi Magazine, for the third year running and serves as a global marketplace for commodities to drive trade flows through Dubai.
Gerhard Schubert, Chairman of the Board for Regal Assets DMCC said
“DMCC is the only Free Zone in the Middle East to have a government-issued license to trade in crypto-commodities and offers unparalleled full market value insurance on such investments.”
Ahmed Bin Sulayem, Executive Chairman, DMCC, stated
“At the heart of DMCC’s long term strategic growth plan is the use of technology and innovation to disrupt and connect new markets, industries and customers. The announcement today embodies this approach and will no doubt come as good news to the international cryptocurrency market.”
Tyler Gallagher, CEO of Regal Assets DMCC, said
“We have developed what we believe is the number one most secure way of investing in Bitcoin, Ethereum and other crypto-commodities. Investors worldwide are now seeing the potential in cryptos, but they are reluctant to store large amounts of coins in online wallets and exchanges due to the high risk of hacking, identity theft, malware and other issues that can literally obliterate an investment.”