Page 167 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/25/24, 11:16 AM Dailyhunt
IOTA Foundation launches $10 million investment fund at

Investopia 2024

Emirates News Age… . 19hr ago
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.

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
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