Abdullah bin Touq Al Marri, UAE minister of Economy and chairman of Investopia, attended the launch of a new investment fund during Investopia 2024. The fund, valued at $10 million, was introduced by the IOTA Ecosystem DLT Foundation and aims to promote the development of TradeTech solutions. Its primary focus is to support the growth and expansion of startups and venture projects that are based on digital technology initiatives and the tokenization of tangible assets.
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This announcement is in line with Investopia’s vision to inspire entrepreneurs and provide them with the necessary tools and opportunities to expand into new economic sectors. Furthermore, the fund was established in partnership with TLIP, a specialized digital platform for trade data storage and exchange. It aims to enhance the trade technology landscape and foster a more interconnected, efficient, and accessible global trade system. Additionally, the fund seeks to offer trade financing solutions to businesses and governments. This initiative further aligns with the UAE’s commitment to advancing technologies applied in global trade, with the support of Investopia, and it will primarily focus on supporting startups in the UAE and across Africa.
Redefining the digital trade and finance landscape
These investments represent a significant step towards redefining the digital trade and finance landscape. By fostering a supportive ecosystem for technological innovation, IOTA has the opportunity to unlock new possibilities and opportunities for seamless and efficient global trade, benefiting societies and economies worldwide.
Investopia 2024 played a crucial role in facilitating the launch of the new investment fund, providing an ideal platform to showcase IOTA’s innovative solutions to the global community of investors and decision-makers. The event also enabled effective communication between the Foundation and its partners.
Enhancing trade technology and digital solution
This announcement aligns with the UAE’s commitment to enhancing its trade technology and digital solutions, solidifying its position as a global hub for technology and innovation. Also, the UAE is a leading trade hub that actively contributes to reshaping global trade mechanisms through state-of-the-art solutions and advanced technologies. These endeavors are in line with the “We the UAE 2031” vision to become the international capital of the new economy in the next decade.
Building the next generation of decentralized governance technologies
IOTA, registered with the Abu Dhabi Global Market, focuses on developing the next generation of decentralized governance technologies. Their aim is to build a new digital economy by redesigning how people and devices connect and exchange information and value. Additionally, the Foundation leverages cutting-edge technologies such as blockchain, digital currencies, distributed data technology, the Internet of Things (IoT), and other modern financial technology applications. Through collaboration with a global network and partners, IOTA aims to make a sustainable impact through research and development of technological advancements.
Investopia 2024 took place in Abu Dhabi over two days at the end of February. Moreover, the event brought together top investors, businesses, economy leaders, experts, and entrepreneurs, fostering an environment conducive to networking, collaboration, and identifying potential joint investment opportunities. With over 2,500 participants and more than 90 speakers, various crucial investment themes and the new economy were discussed, including digital economy, tourism, innovation, sports technology, modern financial technologies, healthcare, green economy, and venture capital investments.
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