Page 117 - INVESTOPIA ENGLISH PR REPORT - International Part 5

4/12/24, 1:45 PM IOTA Foundation launches $10m investment fund at Investopia 2024 to develop trade technology solutions
IOTA Foundation launches $10m investment fund at

Investopia 2024 to develop trade technology solutions

Fund cements Investopia's position as a global incubator for technology innovation investments, digital trade, and
new economy projects

DUBAI, UAE, March 26, 2024 /Business PR News/ -- His Excellency Abdulla Bin Touq Al Marri, UAE Minister of
Economy and Chairman of Investopia, attended the unveiling of a new investment fund valued at $10 million by the
IOTA Ecosystem DLT Foundation during Investopia 2024. 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 United Arab Emirates' 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.

These investments are a step forward to redefining the digital trade and finance landscape. By fostering a supportive
ecosystem for technological innovation, IOTA will have the opportunity to unlock new possibilities and opportunities
for seamless and efficient global trade, benefiting societies and economies around the globe.

Investopia 2024 played a crucial role in facilitating the launch of the new investment fund, offering an ideal platform to
showcase IOTA's innovative solutions to the global community of investors and decision-makers. Additionally, it
enabled the Foundation to establish effective communication with partners.

The 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. The UAE is a leading trade hub that plays an
active role in reshaping global trade mechanisms by leveraging state-of-the-art solutions and advanced technologies.
These endeavours align with the "We the UAE 2031" vision to become the international capital of the new economy
over the next decade.

IOTA, registered with the Abu Dhabi Global Market, is focused on developing the next generation of decentralised
governance technologies. They aim to build a new digital economy by redesigning how people and devices connect
and exchange information and value. 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 by
researching and developing technological advancements.

Investopia 2024, held in Abu Dhabi in UAE for two days at the end of February, brought together top investors,
businesses, economy leaders, experts, and entrepreneurs. The event fostered an environment conducive to
networking, collaboration, and identifying potential joint investment opportunities. Over 2,500 participants attended,
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.

business-prnews.com/business_articles/2024/03/iota-foundation-launches-10m-investment-fund-at-investopia-2024-to-develop-trade-technology-solut… 1/1