Page 119 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

The fund, launched in partnership with specialised digital platform TLIP, seeks

to enhance the trade technology landscape and foster a more interconnected,
efficient, and accessible global trade system.

The initiative seeks to offer trade financing solutions to businesses and

governments and aligns with the UAE’s commitment to advance technologies
applied in global trade.

IOTA Ecosystem DLT Foundation’s newly established fund will invest in UAE-

based startups across Africa.

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.

The IOTA Ecosystem DLT Foundation is the first blockchain-focused
organisation approved by regulators of the Abu Dhabi Global Market, the

financial centre of the UAE whose blockchain rules were finalised last
November.

The Foundation is focused on developing the next generation of decentralised

governance technologies. It aims to build a new digital economy by
redesigning how people and devices connect and exchange information and

value.

IOTA leverages cutting-edge technologies such as blockchain, digital

currencies, distributed data technology, the Internet of Things (IoT), and other
modern financial technology applications.

Through collaboration with a global network and partners, IOTA seeks to

make a sustainable impact by researching and developing technological
advancements.

https://gulfbusiness.com/iota-launches-10m-fund-at-investopia-2024/