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Abu Dhabi: His Excellency Abdullah bin Touk Al Marri, Minister of Economy and Chairman of Investopia, attended the launch of a new investment fund worth $10 million by IOTA Ecosystem DLT Foundation during Investopia 2024. The main objective of the fund is to support the development of TradeTech solutions and the expansion of startups and venture projects based on digital technology initiatives and tokenization of tangible assets.
This announcement aligns with Investopia’s vision to encourage entrepreneurs to expand into new economic sectors by providing the tools and opportunities needed to help innovative projects grow and flourish.
The fund is introduced in partnership with TLIP, a digital platform dedicated to the storage and exchange of trade data, to strengthen the trade technology landscape and foster a more interconnected, efficient and accessible global trading system. It is intended to. Additionally, we aim to provide trade finance solutions to businesses and governments. This initiative is in line with the UAE’s commitment to advance technology applied to global trade with support from Investopia. The main focus is on supporting UAE-based startups across Africa.
These investments are a step toward redefining the digital trade and finance landscape. By fostering an ecosystem that supports innovation, IOTA has the opportunity to unlock new possibilities and opportunities for seamless and efficient global trade, benefiting societies and economies around the world.
Investopia 2024 will play a key role in facilitating the launch of new investment funds, providing an ideal platform to introduce IOTA’s innovative solutions to the global community of investors and decision makers Did. Additionally, the Foundation is now able to establish effective communication with its partners.
The announcement is in line with the UAE’s efforts to strengthen trade technology and digital solutions and solidify its position as a global hub for technology and innovation. The UAE is a major trade hub that leverages cutting-edge solutions and advanced technologies to play an active role in reshaping the global trade mechanism. These initiatives are in line with the ‘We the UAE 2031’ vision to become the international capital of the new economy over the next decade.
IOTA, registered on the Abu Dhabi Global Market, is focused on developing next-generation decentralized governance technologies. They aim to build a new digital economy by redesigning the way people and devices connect and exchange information and value. The Foundation leverages cutting-edge technologies such as blockchain, digital currencies, distributed data technologies, the Internet of Things (IoT), and other emerging financial technology applications. Through its global network and collaboration with partners, IOTA aims to make a sustainable impact by researching and developing technological advancements.
Held over two days in Abu Dhabi at the end of February, Investopia 2024 brought together leading investors, businesses, economic leaders, experts and entrepreneurs. The event fostered an environment conducive to networking, collaboration, and identifying potential co-investment opportunities. More than 2,500 participants attended, and more than 90 speakers covered a variety of important investment topics, including the digital economy, tourism, innovation, sports technology, emerging financial technology, healthcare, green economy, and venture capital investing. We discussed the new economy.
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© Press Release 2024
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