DMCC Launches DMCC Crypto Centre Metaverse, Driving Blockchain and AI Integration
DMCC has unveiled the DMCC Crypto Centre Metaverse, marking a significant milestone in the application of immersive technology within one of the world’s leading Web3 ecosystems. Created in collaboration with Infinite Reality, a global leader in immersive technologies, the Metaverse will feature interactive gamified zones, including a trading game and a treasure hunt with exciting […]
UAE and Saudi Arabia Lead Global AI Adoption, Outpacing 87% Worldwide Average
Global data analytics and AI company, Click, has released the results of a survey involving 4,200 AI decision-makers, shedding light on the current barriers to the widespread adoption of artificial intelligence. The study revealed that the key challenges hindering AI growth include a lack of skilled talent, issues with governance, and insufficient resources. The report […]
Bitpanda Secures In-Principle Approval from VARA to Enter UAE Market
Bitpanda, Europe’s leading regulated cryptocurrency platform, has taken a significant step toward its global expansion strategy by obtaining in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This milestone positions Bitpanda to formally launch its operations in the UAE under the entity Bitpanda Broker MENA DMCC once it receives the full operating license. […]
Karrier One: Where Connectivity Meets Financial Empowerment
For nearly 150 years, telecom has brought humanity closer together. Over time, however, its role became narrowly defined. It focused solely on communication while financial systems grew in isolation. Karrier One is rewriting this narrative. By pioneering decentralized telecom innovation, the company is bridging a divide that should never have existed. In Karrier One’s vision, […]
Ripple Launches RLUSD: CoinMENA Leads MENA Adoption
Ripple, a global leader in digital asset infrastructure, has officially launched its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). Designed to maintain a 1:1 peg with the U.S. dollar, RLUSD is backed by a mix of U.S. dollar deposits, government bonds, and cash equivalents. The stablecoin will be issued on both the Ethereum blockchain and the […]
Tether’s USDT Recognized in ADGM: A Partial Win with a TRON Twist
Tether recently announced that its USDT stablecoin has been recognized as an accepted virtual asset within the Abu Dhabi Global Market (ADGM) jurisdiction. At first glance, this might appear to be a straightforward victory for Tether, solidifying its status as the world’s leading stablecoin. However, a closer look reveals a more nuanced story—one that Tether’s […]
FAB and Libre Capital Partner to Explore RWA-Backed Lending Innovation
First Abu Dhabi Bank (FAB), the largest financial institution in the UAE, has signed a Memorandum of Understanding (MoU) with Libre Capital, a blockchain-based investment infrastructure firm backed by Further Ventures, to explore collateralized lending using tokenized Real World Assets (RWAs). This partnership aims to revolutionize Net Asset Value (NAV) financing by leveraging tokenized assets […]
Blockchain Center Abu Dhabi Partners with Aethir for $100M Ecosystem Fund
Aethir, a leading GPU-as-a-service platform, has partnered with The Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. This collaboration will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes GPU subsidies and token grants for eligible ventures in Abu Dhabi and the broader region. […]
Cryptocom Expands in UAE, Acquires Orion Principals Limited
Crypto.com, a leading digital asset platform, has acquired UAE-based Orion Principals Limited as part of its ambitious plan to expand its traditional financial services offerings. The financial details of the acquisition have not been disclosed. Orion, a licensed financial intermediary regulated by the Abu Dhabi Global Market (ADGM), is based in Abu Dhabi and connects […]
Emirates NBD Boosts UAE’s Digital Asset Custody with Equity Investment in Zodia Custody
Emirates NBD, one of the leading banking groups in the Middle East, North Africa, and Türkiye (MENAT) region, has made a strategic equity investment in Zodia Custody, a prominent digital asset custodian catering to institutional clients. The investment was made through the bank’s Innovation Fund, a corporate venture fund created in 2023 to strengthen Emirates […]