FAB and Libre Capital Partner to Explore RWA-Backed Lending Innovation
First Abu Dhabi Bank (FAB), the largest financial institution in the UAE, has signed a Memorandum of Understanding (MoU) with Libre Capital, a blockchain-based investment infrastructure firm backed by Further Ventures, to explore collateralized lending using tokenized Real World Assets (RWAs). This partnership aims to revolutionize Net Asset Value (NAV) financing by leveraging tokenized assets […]
Blockchain Center Abu Dhabi Partners with Aethir for $100M Ecosystem Fund
Aethir, a leading GPU-as-a-service platform, has partnered with The Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. This collaboration will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes GPU subsidies and token grants for eligible ventures in Abu Dhabi and the broader region. […]
Cryptocom Expands in UAE, Acquires Orion Principals Limited
Crypto.com, a leading digital asset platform, has acquired UAE-based Orion Principals Limited as part of its ambitious plan to expand its traditional financial services offerings. The financial details of the acquisition have not been disclosed. Orion, a licensed financial intermediary regulated by the Abu Dhabi Global Market (ADGM), is based in Abu Dhabi and connects […]
Emirates NBD Boosts UAE’s Digital Asset Custody with Equity Investment in Zodia Custody
Emirates NBD, one of the leading banking groups in the Middle East, North Africa, and Türkiye (MENAT) region, has made a strategic equity investment in Zodia Custody, a prominent digital asset custodian catering to institutional clients. The investment was made through the bank’s Innovation Fund, a corporate venture fund created in 2023 to strengthen Emirates […]
TON Foundation Registers with ADGM: A New Milestone for Blockchain Foundations
The TON Foundation, the non-profit organization behind The Open Network (TON) blockchain, has officially registered with the Abu Dhabi Global Market (ADGM) under its Distributed Ledger Technology (DLT) Foundations Regime. This significant development reinforces ADGM’s status as a global blockchain hub, as the TON Foundation becomes the second major blockchain project to join, following the […]
Mbank Partners with AE Coin to Launch the First Regulated Stablecoin in the UAE
Mbank has announced a strategic partnership with AE Coin, introducing the first-ever regulated stablecoin in the United Arab Emirates, now available for customers via the AEC Wallet. The launch of AE Coin aligns with the Central Bank of the UAE’s framework for digital payment token services, reflecting the government’s forward-thinking approach to the future of […]
Emirates NBD Welcomes Chainlink to Digital Asset Lab Council
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT), has announced the addition of Chainlink to its Digital Asset Lab as a fifth council member. The partnership, formalized through a Memorandum of Understanding at Abu Dhabi Finance Week, brings Chainlink, a global leader in on-chain finance, verifiable data, and […]
Binance and Circle Join Forces to Boost Global USDC and Crypto Adoption
Crypto industry leaders Circle Internet Group Inc. and Binance have announced a strategic partnership aimed at accelerating the global adoption of USDC and advancing the development of the digital asset and financial services ecosystems. The collaboration, revealed at Abu Dhabi Finance Week, combines Circle’s trusted, compliant digital dollar with Binance’s massive platform, reaching over 240 […]
Bitcoin MENA 2024 Concludes with Bold Projections, Eric Trump Predicts $1M Bitcoin Value
The inaugural Bitcoin MENA 2024 wrapped up today after a dynamic second day of thought-provoking sessions and innovative highlights. Recognized as one of the most prominent and globally influential conference brands for advancing Bitcoin and blockchain adoption, the event brought together leaders from across the Bitcoin ecosystem. The conference offered a variety of activations and […]
Tokinvest Launches Tokenized Deposit and Stablecoin Management System in Collaboration with UDPN
Tokinvest DMCC, a pioneering marketplace for real-world asset tokenization and provisional Virtual Assets Regulatory Authority (VARA) licensed brokerage, is excited to announce the expansion of its collaboration with Universal Digital Payments Network (UDPN) and the launch of a Tokenised Deposit and Stablecoin Management System. The market cap of stablecoins and tokenised deposits grew to $197.5bn, up from $171.6bn at […]