Page 135 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/25/24, 11:11 AM IOTA Foundation launches $10mn fund at Investopia – The Gulf Time Newspaper
IOTA Foundation launches $10mn fund at

Investopia

ABU DHABI / WAM

Abdullah bin Touq Al Marri, 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 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 UAE’s 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. 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.

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