Page 341 - INVESTOPIA ENGLISH PR REPORT - International Part 5

4/12/24, 2:32 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

Mar 26, 2024 | Business

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

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

https://newzealandmirror.com/iota-foundation-launches-10m-investment-fund-at-investopia-2024-to-develop-trade-technology-solutions 1/2