Changer.ae Limited has signed a Memorandum of Understanding (MoU) with DeScript Labs INC to explore collaboration in digital asset custody, settlement, and merchant payment technologies.
The MoU establishes a framework for collaboration between the two companies, combining Changer’s regulated digital asset custody and conversion capabilities with DeScript Labs’ merchant technology infrastructure, including its PayTheFly solution.
Through this collaboration, Changer.ae and DeScript Labs INC aim to develop compliant and efficient solutions enabling businesses to accept digital asset payments from customers while receiving settlements in fiat currency.
The initiative is designed to create a more seamless bridge between the digital asset economy and traditional financial infrastructure, while enabling merchants to mitigate exposure to cryptocurrency volatility.
The Changer.ae and DeScript Labs INC collaboration is expected to be particularly relevant across high-value sectors in the UAE, including real estate, automotive, and luxury retail, where local and international customers may seek alternative ways to complete transactions using digital assets.
For merchants, the proposed model would enable customers to pay using digital assets while the business receives converted AED funds, creating a familiar fiat settlement experience supported by custody, compliance, and settlement processes through Changer’s regulated framework.
Changer.ae and DeScript Labs INC target efficient cross-border transaction flows
As per the statement, the parties will also explore commercial clearing solutions for corporate entities, including the conversion of digital assets into fiat on behalf of corporate partners. This is intended to support smoother treasury operations, improve settlement efficiency, and facilitate compliant local and cross-border transaction flows between digital asset holders and traditional business networks.
As part of the MoU, Changer.ae and DeScript Labs INC will appoint dedicated representatives and establish a joint working group to assess technical integration, regulatory alignment, and operational considerations.
According to the statement, the MoU is effective for an initial term of one year and reflects a mutual intent to collaborate. It is non-binding in nature, except for confidentiality provisions, and is governed by the laws and jurisdiction of ADGM.
