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lOTA FOUNDATION UNVEILS 10 MM INVESTMENT FUND AT INVESTOPIA 2024
The Business Guardian
|March 25, 2024
Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, attended the unveiling of a new investment fund valued at USD 10 million by the IOTA Ecosystem DLT Foundation during Investopia 2024.
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The fund’s primary goal is to promote the development of TradeTech solutions and support the expansion of startups and venture projects based on digital technology initiatives and the tokenisation of tangible assets.
The announcement aligns with Investopia’s vision to inspire entrepreneurs to expand into new economic sectors by offering the necessary tools and opportunities to foster the growth and prosperity of their innovative projects.
The fund, introduced in partnership with TLIP, a specialised digital platform for trade data storage and exchange, aims to enhance the trade technology landscape and foster a more interconnected, efficient, and accessible global trade system. Additionally, it seeks to offer trade financing solutions to businesses and governments. This initiative aligns with the UAE’s commitment to advancing technologies applied in global trade with the support of Investopia. The main focus will be on supporting UAE-based startups across Africa.
This story is from the March 25, 2024 edition of The Business Guardian.
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