Page 142 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

IOTA Foundation Launches $10 Million Fund To

Propel TradeTech Solutions At Investopia 2024

By OneArabia

Abdullah bin Touq Al Marri, the Minister of Economy and Chairman of Investopia, recently
participated in a significant event during Investopia 2024, where the IOTA Ecosystem DLT
Foundation announced the launch of a new investment fund valued at $10 million. This fund is
set to play a pivotal role in enhancing TradeTech solutions and supporting the growth of startups
and venture projects that focus on digital technology initiatives and the tokenisation of tangible
assets.

The collaboration with TLIP, a specialised digital platform for trade data storage and exchange,
underscores the fund's ambition to improve the trade technology landscape. This initiative is
designed to make global trade systems more interconnected, efficient, and accessible while
also providing trade financing solutions to businesses and governments. It is a move that
resonates with the UAE's dedication to adopting advanced technologies in global trade,
supported by Investopia's vision.

The primary aim of this investment is to bolster UAE-based startups, particularly those
expanding across Africa. This approach not only redefines the digital trade and finance
landscape but also creates a nurturing ecosystem for technological innovation. Through such
initiatives, IOTA seeks to unlock new possibilities for seamless and efficient global trade, which
will have a positive impact on societies and economies worldwide.

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