Page 169 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/25/24, 11:16 AM IOTA Foundation launches $10 million investment fund at Investopia 2024 – Time Motion
IOTA Foundation launches $10 million investment fund

at Investopia 2024

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.

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