Abu Dhabi, United Arab Emirates – July 30, 2024 – Rain Trading Limited (Rain ADGM) is pleased to announce the renewal of its partnership with Notabene, the industry leader in pre-transaction compliance solutions for the virtual assets sector. Known for its leadership in Travel Rule compliance within the region, Rain ADGM offers a reliable and secure platform for institutional and retail clients in the UAE to purchase, trade, and safeguard virtual assets. This renewed partnership with Notabene underscores Rain ADGM’s steadfast commitment to setting industry benchmarks in regulatory compliance, ensuring seamless adherence to Travel Rule and pre-transaction obligations.
Rain ADGM secured the Financial Services Permission (FSP) from Abu Dhabi Global Market’s Financial Services Regulatory Authority in December 2022. Notabene’s SafeTransact platform was instrumental in this achievement, reinforcing Rain’s status as the region’s leading regulated virtual asset trading platform.
Pelle Brændgaard, Co-Founder and CEO of Notabene, expressed his enthusiasm about the collaboration, stating, “We are delighted to join forces with Rain ADGM. Rain’s compliance-first approach seamlessly aligns with Notabene’s core values and our shared mission of cultivating a secure and trusted crypto industry.”
Through the integration of Notabene’s pre-transaction decision-making platform, Rain empowers its customer base with the confidence of secure and trusted transactions. The Notabene platform provides coverage for over 10,000 assets and offers robust support for over 300 wallets, ensuring an elevated level of protection. By harnessing the power of Notabene’s SafeTransact platform and its cutting-edge automation tools, Rain is equipped to conduct real-time risk assessments on counterparties, significantly strengthening its capability to proactively detect and avert high-risk activities before they come to fruition.
“Rain ADGM is proud to collaborate with Notabene, a leading provider of regulatory compliance solutions. Our joint commitment to setting and upholding high industry standards for compliance regulations aligns perfectly with our mission. This partnership empowers us to ensure seamless Travel Rule compliance and pre-transaction obligations, further consolidating our position as a trusted and regulated virtual asset trading platform in the region.” – Benjamin Grolimund, General Manager for Rain ADGM.
The collaboration between Rain ADGM and Notabene represents a pivotal step toward achieving greater regulatory clarity and security within the virtual assets industry.
About Rain
Rain was founded in 2017 by Joseph Dallago, AJ Nelson, Yehia Badawy, and Abdullah Almoaiqel. Rain ADGM’s affiliate, Rain Management W.L.L, based in Bahrain, is the first licensed virtual assets service provider in the Middle East in 2019 and is regulated by the Central Bank of Bahrain. Rain Trading Limited, the UAE subsidiary, became fully licensed and regulated in 2023 by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
About Notabene
Notabene developed the crypto industry’s only pre-transaction decision-making platform, enabling customers to identify and stop high-risk activity before it occurs. With a focus on security, privacy, and user experience, Notabene’s multi-source data and software enable real-time decision-making, counterparty sanctions screening, self-hosted wallet identification, and more. SOC-2 security certified and trusted by over 120 companies, Notabene operates globally with headquarters in New York and a presence in Switzerland, Singapore, Germany, and the United Kingdom.
Companies like Copper, Luno, Crypto.com, and Bitstamp leverage our SafeTransact platform for Travel Rule compliance, tailored to their needs and aligned with global and local regulations. Our platform builds trust in virtual asset transactions to foster financial growth with minimized risk.
Get started today. Sign up for our free SafeTransact Riseplan to respond to regulated transactions for free using the world’s largest VASP Network, which has over 1,200 members.
Media Contact
Lesa Moné
Notabene
Notabene, Inc., 25 Kent Ave. Suite 401, Brooklyn NY 11249, USA
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Media Contact
Company Name: Notabene
Contact Person: Lesa Moné
Email: Send Email
Address:25 Kent Ave. Suite 401
City: Brooklyn
State: NY
Country: United States
Website: https://notabene.id/