HashKey Secures In-Principle Approval from VARA, Expanding OTC Trading Services in Dubai
HashKey Group (“HashKey”), a leading end-to-end digital asset financial services provider in Asia, announced today that HashKey MENA FZE, a member of the HashKey Group, has received In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application. This milestone solidifies HashKey Group’s standing as a […]
Further Ventures Leads $16M Series A in Paris-Based Dfns, Strengthening Its Digital Asset Ecosystem
Further Ventures, a venture capital firm that invests in fintech and digital asset companies, has reaffirmed its position as a leader in digital asset innovation by spearheading a $16 million Series A funding round for Paris-based crypto wallet technology firm Dfns. This move highlights Further Ventures’ commitment to fostering cutting-edge technologies in the digital asset and […]
Gulf-based Sigma Capital Launches $100M Fund to Accelerate Web3 Innovation
Sigma Capital, a leading Web3 early-stage venture firm, today announced the launch of a $100 million fund dedicated to accelerating the next wave of Web3 innovation in the Middle East and globally. The fund launch spotlights the UAE’s growing role as a global hub for the Web3 & Blockchain sector. The fund will focus on […]
Tokinvest Becomes First DMCC Free Zone Company to Receive Full Market Licence
Tokinvest, a pioneering marketplace for real-world asset investing, today announced it has received a full market licence from the Dubai Virtual Assets Regulatory Authority (VARA). Tokinvest is the first company inside Dubai’s DMCC International Business District to receive an operational VARA license and one of only a handful of regulated end-to-end real-world asset investing platforms […]
MANTRA Partners with DAMAC to Tokenize $1 Billion Worth of Assets in the Middle East
MANTRA, a blockchain platform specializing in real-world assets (RWAs), has partnered with Dubai-based DAMAC Group to tokenize assets in the Middle East valued at a minimum of $1 billion, the companies announced on Thursday. Asset tokenization involves converting ownership or rights to assets, including RWAs, into digital tokens on a blockchain. These tokens can then […]
Mastercard Expands Crypto Credential to UAE and Kazakhstan
Mastercard has announced the introduction of its Mastercard Crypto Credential solution to the UAE and Kazakhstan, marking its debut in the Eastern Europe, Middle East, and Africa (EEMEA) region. Mastercard Crypto Credential simplifies crypto transactions by enabling users to send and receive cryptocurrencies using easy-to-remember aliases instead of complex blockchain addresses. This is made possible […]
Emirati Billionaire Hussain Sajwani Promises $20 Billion Investment in U.S. Data Centers
Emirati billionaire Hussain Sajwani announced a plan to invest $20 billion in the rapidly expanding U.S. data center industry, a commitment revealed alongside U.S. President-elect Donald Trump on Tuesday at Trump’s Palm Beach, Florida residence. “We’re planning to invest $20 billion and even more than that, if the opportunity in the market allows us, in […]
The Race Against Cybercrime: Can Blockchain Technology Combat Rising Threats in the Middle East?
The Middle East’s financial sector is increasingly becoming a prime target for sophisticated cyberattacks. This surge in threats is driven by the widespread adoption of mobile financial services, online transactions, and emerging technologies such as artificial intelligence (AI) and cloud computing. These advancements have expanded potential vulnerabilities, making financial institutions more susceptible to cybercriminals. According […]
UAE Leads with 42% Annual Growth in Blockchain Sector
The blockchain industry in the UAE is experiencing remarkable growth, with an annual rate of 42%, according to the latest report by MarkNtel Advisors. This surge is fueled by proactive government initiatives, such as the UAE Blockchain Strategy, positioning the country as a leader in adopting this transformative technology. The national vision aims to digitize […]
Strategic Partnership Boosts Qatar’s Leadership in Digital Assets
Two key players within the Digital Assets Lab of the Qatar Financial Centre (QFC) have announced a strategic partnership aimed at advancing distributed ledger technologies (DLT) and digital assets across industries. The collaboration between SettleMint, a blockchain transformation company, and The Hashgraph Group (THG), a Swiss-based leader in venture capital, technology, and business innovation, seeks […]