Page 330 - INVESTOPIA ENGLISH PR REPORT - International Part 5

4/12/24, 2:25 PM IOTA Foundation launches $10m investment fund at Investopia 2024 - Nashville - WIIW

DUBAI, UAE, March 26, 2024 /24-7PressRelease/ -- 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.

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