Page 98 - INVESTOPIA ENGLISH PR REPORT - International Part 5

IOTA Foundation launches $10m investment

fund at Investopia 2024 to develop trade

technology solutions

By: 24-7 Press Release

March 26, 2024 at 03:00 AM EDT

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

http://business.bentoncourier.com/bentoncourier/article/247pressrelease-2024-3-26-iota-
foundation-launches-10m-investment-fund-at-investopia-2024-to-develop-trade-technology-
solutions