BIS Evaluates the Potential Shutdown of Project mBridge
According to a recent Bloomberg report, the Bank for International Settlements (BIS) is evaluating the potential shutdown of Project mBridge, a cross-border CBDC payments platform developed in partnership with the central banks of China, Hong Kong, Thailand, and the UAE. Saudi Arabia joined the initiative when mBridge launched as a minimum viable product in June. […]
Emirates NBD Expands Digital Asset Lab with New ‘Future Leaders Outreach Program’
Prominent banking group in the MENAT region, Emirates NBD, has expanded its Digital Asset Lab to foster talent in academia through its newly launched Future Leaders Outreach Program. Unveiled at the DIFC Innovation Hub, the program aims to bridge the gap between industry and education by providing students with hands-on learning in digital asset innovation. […]
Blade Labs Introduces Qatar’s First Platform for Tokenized Murabaha Contracts, Revolutionizing Islamic Finance
As part of the Qatar FinTech Hub (QFTH) 2024 Cohort, Blade Labs is making waves in the financial sector by launching Qatar’s first platform for tokenized Murabaha contracts—a breakthrough innovation powered by blockchain technology. This new platform aims to transform the Islamic finance landscape by digitizing the Murabaha process, enabling lenders to reach a wider […]
M2’s Evolution: Leadership Changes, Strategic Decisions, and Market Questions
In the competitive world of digital assets, M2 Exchange emerged with great promise, with industry observers and influencers hinting that it could become a key player, possibly even rivaling Binance. However, as the landscape has evolved, M2 has recently made significant shifts in leadership and strategy, prompting questions about its future direction. Leadership Transition Officially […]
RAK DAO Launches DARe, a Legal Framework for Decentralized Autonomous Organizations
Ras Al Khaimah Digital Assets Oasis (RAK DAO), the world’s first Free Zone dedicated to digital asset companies, has introduced the DAO Association Regime (DARe), a pioneering legal framework tailored for Decentralized Autonomous Organizations (DAOs). This initiative strengthens the UAE’s leadership in Web3 innovation and solidifies RAK DAO’s position as a global hub for blockchain […]
Emirates NBD Becomes First Regional Bank to Join Partior, Pioneering Blockchain-Powered Payments
Emirates NBD, a prominent banking group in the MENAT region, has announced a strategic partnership with Partior, a blockchain-based platform for clearing and settlement, which aims to offer Emirates NBD’s clients around-the-clock availability and faster, more efficient payment flows. Through this partnership, Emirates NBD becomes the first regional bank to join the Partior network, enabling […]
Brevan Howard’s Crypto Trading Flourishes in UAE’s Regulatory Environment
During the AIM Summit in Dubai on Monday, Brevan Howard, a leading global hedge fund, revealed that a significant portion of its crypto trading operations is now carried out from the United Arab Emirates (UAE). This progress is attributed to the country’s “sensible regulations” and its openness to dialogue with the industry, as highlighted by […]
Global Leaders to Converge at Binance Blockchain Week Dubai 2024: New Speakers Announced
Binance, the global blockchain ecosystem behind the world’s largest crypto exchange by volume, has announced additional speakers for its annual flagship event, Binance Blockchain Week Dubai 2024, set to take place on October 30 and 31, 2023 at the iconic Coca-Cola Arena. Under the theme “Momentum”, this year’s event will bring together the brightest minds in […]
DIFC Courts Launches New Suite of Digital Services at GITEX Global 2024, including Digital Assets Will
The Dubai International Financial Centre (DIFC) Courts today announced the launch of a new suite of digital public services, including the Digital Assets Will. Unveiled at GITEX Global 2024, live demonstrations showcased new service platforms, accessibility, functionality, and security protocol features. A new edition to the current group of Wills Service offerings by the DIFC […]
Swiss Digital Excellence Meets the UAE Ambition: Leading Swiss Digital Consultancy Enters UAE
Today, what. AG, Switzerland’s leading digital consultancy, announced its strategic expansion into the United Arab Emirates by acquiring Pulsify Innovation Consultancy and its client portfolio, a respected local marketing & Web3 consultancy. By establishing a cross-regional bridge between Europe and the Middle East, this move highlights what. AG’s commitment to enabling bold SMEs with global growth ambitions. […]