Page 27 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024
P. 27

Press release



                      IOTA Foundation launches $10m investment fund at

                     Investopia 2024 to develop trade technology solutions




                   ●  Fund cements Investopia's position as a global incubator for technology innovation
                       investments, digital trade, and new economy projects



               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
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