Page 82 - INVESTOPIA ENGLISH PR REPORT - International Part 5

4/12/24, 1:41 PM Ashland - Local Town Pages | Press Releases

IOTA Foundation

launches $10m investment

fund at Investopia 2024 to

develop trade technology

solutions

24-7 Press Release Newswire Tuesday, March 26, 2024 at 11:00am GMT+4

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 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.

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