Insurance provider OneDegree and Dubai Insurance Company of the United Arab Emirates jointly announced that they have begun offering digital asset custody risk insurance to UAE customers. The two companies have collaborated to launch a product called "OneInfinity" and have been approved by the Central Bank of the United Arab Emirates. Custody risk insurance is part of the risk management strategy of custodians, exchanges and other digital asset service providers. According to OneDegree, many regulators around the world require the product to provide protection for consumers. (Cointelegraph)