Page 144 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/25/24, 11:12 AM IOTA Foundation launches $10m investment fund at Investopia 2024 to develop trade technology solutions | MENAFN.COM

IOTA Foundation launches $10m investment

fund at Investopia 2024 to develop trade

technology solutions

Date Share on Facebook Tweet on Twitter
3/24/2024 5:46:32 AM

(MENAFN- Orient Planet Group) 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 is a leading trade hub that plays an active role in reshaping global trade mechanisms by

leveraging state-of-the-art solutions and advanced technologies. These endeavours align with

https://menafn.com/1108014789/IOTA-Foundation-launches-10m-investment-fund-at-Investopia-2024-to-develop-trade-technology-solutions 1/2