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3/25/24, 11:13 AM IOTA Foundation launches $10m investment fund at Investopia 2024 - Middle East News 247

IOTA Foundation launches $10m investment fund at

Investopia 2024

By Middle East News 247 March 24, 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.

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