Page 165 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

IOTA Foundation launches $10 million

investment fund at Investopia 2024

Story by Amjad Saleh

• 23h • 2 min read

ABU DHABI, 24th March, 2024 (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 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 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.

https://www.msn.com/en-ae/news/other/iota-foundation-launches-10-million-investment-fund-
at-investopia-2024/ar-BB1kqSwS