The IOTA Ecosystem DLT Foundation has recently revealed a new investment fund valued at $10 million at Investopia 2024. The main goal of this fund is to promote the development of TradeTech solutions and provide support to startups and venture projects based on digital technology and asset tokenization.
The announcement was made in the presence of His Excellency Abdulla Bin Touq Al Marri, the Minister of Economy and Chairman of Investopia. This fund is in line with Investopia’s vision to encourage entrepreneurs to explore new economic sectors by providing the necessary tools and opportunities to nurture innovative projects.
In partnership with TLIP, a specialized digital platform for trade data storage and exchange, the fund aims to enhance the trade technology landscape and promote a more interconnected, efficient, and accessible global trade system. Additionally, it aims to provide trade financing solutions to businesses and governments, with a specific focus on supporting UAE-based startups across Africa.
The investment in these initiatives represents a significant advancement in redefining the digital trade and finance landscape. The creation of a supportive ecosystem for technological innovation will provide IOTA with the opportunity to unlock new possibilities and opportunities for seamless and efficient global trade, benefiting societies and economies globally.
Investopia 2024 played a vital role in facilitating the launch of the new investment fund, as it provided an ideal platform to showcase IOTA’s innovative solutions to the global community of investors and decision-makers. Furthermore, the event enabled the Foundation to establish effective communication with partners.
The announcement is aligned with the UAE’s commitment to enhancing its trade technology and digital solutions, solidifying its position as a global hub for technology and innovation. The UAE plays an active role in reshaping global trade mechanisms by leveraging state-of-the-art solutions and advanced technologies, in line with the “We the UAE 2031” vision to become the international capital of the new economy over the next decade.
Registered with the Abu Dhabi Global Market, IOTA is dedicated to developing the next generation of decentralized governance technologies. Their goal is to build a new digital economy by redesigning how people and devices connect and exchange information and value, leveraging cutting-edge technologies such as blockchain, digital currencies, distributed data technology, the Internet of Things (IoT), and other modern financial technology applications.
Investopia 2024, held in Abu Dhabi over two days at the end of February, brought together top investors, businesses, economy leaders, experts, and entrepreneurs, offering an environment conducive to networking, collaboration, and identifying potential joint investment opportunities. The event witnessed over 2,500 participants, including more than 90 speakers who discussed various crucial investment themes and the new economy, including digital economy, tourism, innovation, sports technology, modern financial technologies, healthcare, green economy, and venture capital investments.
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In conclusion, the newly launched investment fund by the IOTA Foundation represents a significant step forward in promoting trade technology solutions and supporting startups. This initiative solidifies the UAE’s position as a global leader in technology and innovation and contributes to the broader vision of reshaping global trade mechanisms through advanced technologies.