Page 50 - INVESTOPIA ENGLISH PR REPORT - International Part 2

Press release

IOTA Foundation launches $10m investment fund at

Investopia 2024 to develop trade technology solutions

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

Abu Dhabi, 24 March 2024:

His Excellency Abdulla Bin Touq Al Marri, the 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