Floxy Pay has officially joined the ranks of licensed players in the Web3 space, securing its non-custodial wallet license under Ras Al Khaimah Digital Assets Oasis (RAK DAO).
This milestone allows users to easily send and receive cryptocurrencies without relying on intermediaries, marking a major step toward building a more open and accessible crypto ecosystem.
RAK DAO, launched by the Ras Al Khaimah government in 2023, is the UAE’s first free zone focused exclusively on digital asset companies. Its forward-thinking regulations, 100% foreign ownership, and streamlined setup process have made it a go-to hub for blockchain innovators, Web3 startups, and fintech disruptors.
“Getting licensed by RAK DAO strengthens our commitment to putting users first. We’re creating a space where anyone can manage their digital assets securely, without the usual costs and complexity,” said Omran, Founder of Floxy Pay.
With Floxy Pay’s non-custodial wallet, users are always in full control of their funds—their private keys stay with them, not with a platform. Combined with zero gas fees on crypto transactions, this approach makes everyday crypto use more affordable and practical, especially for those in emerging markets.
And for users in India, Floxy Pay unlocks an even greater advantage: seamless USDT to INR conversions, helping them move funds across borders effortlessly. It’s more than just a wallet—it’s a gateway to global crypto access.
