Page 86 - INVESTOPIA ENGLISH PR REPORT - International Part 5

4/12/24, 1:41 PM IOTA Foundation launches $10m investment fund at Investopia 2024 to develop trade technology solutions | Australia Headlines

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 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.

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