Emerging market FX liquidity specialist DKK Partners has announced a new partnership with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, based in Dubai.
The parties said the partnership offers an important step towards achieving seamless financial interoperability in the United Arab Emirates (UAE), the wider Middle East and North Africa (MENA) region. The companies will work together to enable transparent and efficient transactions and processes for global financial institutions, promoting digital solutions and financial inclusion.
DKK Partners recently received initial approval to offer digital asset dealer services from the Dubai Virtual Asset Regulatory Authority (VARA). The initial approval allows DKK FZE to proceed with the licensing process and offer customers in Dubai and the UAE access to the stablecoin’s blockchain technology, using USDT and USDC.
The Seed Group specializes in diversified business interests and operates in a group of companies, in diverse sectors such as technology, real estate, healthcare and others. Promoting innovation is what Seed Group strives for, focusing on investment activities and strategic partnerships.
Hisham Al Gurg, CEO of Seed Group said:
“We are delighted to work together with DKK Partners to provide foreign exchange risk management, liquidity and rapid collection solutions to the fast-growing markets across Dubai and the MENA region. This joint alliance will enable DKK partners to provide seamless interoperability tailored to the growing demands of local businesses and government institutions. We are optimistic about how this partnership will develop in the coming months.”
Khalid Talukder, Co-Founder and CEO of DKK Partners commented:
“This is an extremely exciting time for us at DKK Partners, as the new partnership gives us access to the offices of key decision makers in Dubai and the UAE’s largest and most prestigious businesses. We were looking for a key strategic partner based in Dubai that has wide reach across the UAE and GCC and Seed Group was absolutely the perfect match. This partnership will allow us to highlight our business model and the immediate advantages we offer, in full alignment with our three-year growth and expansion strategy.”
About DKK Partners
Founded in 2020 by Dominic Duru and Khalid Talukder, DKK Partners is a FX liquidity provider with a focus on emerging markets (EM). The company develops strategies and methodologies that help companies and institutions manage currency risk more effectively and develop sharp prices. DKK focuses on three main areas: foreign exchange risk management, foreign exchange liquidity and local collections. Dubai World Trade Center (DWTC)-based subsidiary DKK Partners FZE has recently received Initial Approval from the Dubai Virtual Asset Regulatory Authority (VARA) to provide Virtual Asset Intermediary Services.