PrimoX Fintech Secures UAE Digital Asset License

PrimoX Fintech LTD has recently announced the acquisition of a digital asset business license in the United Arab Emirates, with license numbers 07011002/07011019. According to Odaily, PrimoX is positioned as a Consumer Rights Liquidity (CRL) layer, aiming to address the challenges of transferring Web2 consumer membership rights through standardized mapping and on-chain verification, thereby achieving verifiable value on the blockchain. Additionally, PrimoX revealed plans to complete a $5 million TVL private placement at a Singapore event on November 10, 2025. The company also intends to collaborate with Singaporean financial institutions to tokenize real-world assets from a Vietnamese factory, valued at over $10 million.