MultiBank Group and Universal Sign Agreement to Develop USDU Settlement Capabilities for Institutional Clients

MultiBank Group, one of the largest financial derivatives institutions in the world, has signed a memorandum of understanding (MoU) with Universal Digital Intl Limited ("Universal") to develop settlement capabilities using USDU, Universal's dollar-backed stablecoin, for institutional digital asset transactions that meet established requirements.

The initiative will begin with a pilot test aimed at qualifying professional clients through mb.io, the Group's platform dedicated to cryptocurrency and digital asset trading. This proposal combines MultiBank Group's trading infrastructure, institutional relationships, and liquidity connectivity with Universal's issuance of a regulated stablecoin, aiming to integrate USDU into institutional settlement workflows.

The collaboration also includes the use of USDU for settlement on MultiBank Exchange, complementing its current offering of settlement in fiat currencies and commodities. This would provide qualifying institutional clients with an additional settlement option, subject to relevant legal, regulatory, and risk approvals.

USDU is the first dollar-backed stablecoin that has been registered by the Central Bank of the UAE as a foreign payment token. Universal, its issuer, is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market. Each unit of USDU is backed 1:1 by reserves of US dollars deposited in banks in the UAE—regulated by the Central Bank—and independent monthly certifications of these reserves are conducted.

MultiBank's choice of USDU reflects an alignment between a FSRA-regulated issuer, a stablecoin registered with the Central Bank of the UAE, and a licensed trading platform in the UAE, laying the groundwork for institutional settlement of digital assets within the regulatory framework of the United Arab Emirates.

Mohammed Al Hakim, Vice President of MultiBank Exchange Holding/Group and CEO of mb.io, stated: "This agreement represents an important step towards connecting traditional and digital finance. By combining MultiBank Group's infrastructure and institutional network with Universal's USDU, our goal is to offer qualifying clients an additional settlement option within the UAE's regulatory framework. The planned pilot test on mb.io will allow us to assess how this functionality can support institutional trading activity."

Juha Viitala, senior executive of Universal Digital Intl Limited, noted: "Institutions need to have confidence in the asset they use to settle a transaction. USDU combines regulated issuance, registration with a central bank, and reserves in US dollars deposited in regulated banks in the UAE. Our alliance with MultiBank brings these pillars together with a consolidated trading infrastructure and institutional reach. Together, we are developing a practical solution for qualifying institutions to use USDU in the settlement of digital assets."

The pilot test will be subject to client onboarding processes, regulatory compliance, and applicable launch approvals.

About MultiBank Group

MultiBank Group, founded in California (USA) in 2005, is a global leader in financial derivatives, digital asset trading, and institutional ECN (Electronic Communication Network) solutions. With over 4 million clients, 28 branches in more than 100 countries, and a daily trading volume exceeding $35 billion, the Group offers a wide range of brokerage services, cryptocurrencies, and asset management. It serves both retail and institutional clients through its ecosystem of platforms, which includes MEX Exchange and mb.io. Recognized for its innovative trading solutions, strict regulatory compliance, and exceptional customer service, MultiBank Group is regulated by over 18 top-tier financial authorities across five continents.

Learn more at multibankgroup.com

ABOUT UNIVERSAL

Universal is a regulated issuer of stablecoins that provides reliable digital asset settlement for the institutional digital finance sector. Universal issues USDU, a stablecoin fully backed by US dollars, designed to bring greater transparency, efficiency, and interoperability to digital asset settlement. With a full 1:1 backing in US dollar reserves deposited in top-tier regulated banks in the United Arab Emirates, USDU reinforces institutional trust and operational resilience in digital asset markets.

For more information, visit universal.ae. Universal Digital Intl Limited is regulated by the FSRA to conduct the regulated activity of issuing a fiat currency-referenced token exclusively for professional clients. It is also registered with the Central Bank of the United Arab Emirates as a foreign issuer of payment tokens, in accordance with the Payment Token Services Regulation. USDU is not intended as a national payment instrument for general use in the United Arab Emirates. This communication is provided for informational purposes only and is directed exclusively to professional clients. It does not constitute and should not be construed as a direct or indirect offer for sale, nor as a solicitation for an offer to purchase or subscribe for securities or any other product. The original text in the source language of this communication is the officially authorized version. Translations are provided solely as adaptations and should be compared with the text in the source language, which is the only version of the text that will have legal effect.

See the original version at businesswire.com: https://www.businesswire.com/news/home/20261112774290/es/

Nikolas Neofytou Head of Direct Purchases nikolas.neofytou@multibankfx.com

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