Tagged: dubai

May 25, 2025 @ 3:28 pm By Michael Wong  |  

The Dubai Land Department (DLD) has launched the region’s first tokenized real estate investment project via the Prypco Mint platform, in a landmark step toward redefining property investment in the Middle East. The initiative, developed in collaboration with Prypco, VARA, the Central Bank of the… Read More

May 19, 2025 @ 7:07 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure for financial institutions,  announced new clients in the UAE utilizing Ripple Payments. Ripple Payments employs blockchain, digital assets, and a global network of payout partners to “deliver reliable cross-border payments and on/off ramps for banks, crypto companies, and… Read More

May 18, 2025 @ 10:46 pm By Omar Faridi  |  

Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a global cryptocurrency trading platform, to facilitate government service fee payments using cryptocurrencies—marking a pioneering milestone in digital finance on a global scale. The agreement was formalized by Ahmad Ali Meftah, Executive Director… Read More

April 28, 2025 @ 7:19 am By Omar Faridi  |  

BitGo, the infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA)…. Read More

April 11, 2025 @ 12:03 pm By JD Alois  |  

Institutional participation in crypto markets is key to their success and ability to scale. While many established institutions are already participating in this sector of finance, the growth will take some time. This week, global bank Standard Chartered and crypto exchange OKX revealed a partnership… Read More

April 7, 2025 @ 8:00 am By JD Alois  |  

Digital asset platform Fasset has partnered with Dinari to tokenize $1 billion of US equities, which are available to investors, according to a company statement. Fasset is a Dubai-based blockchain firm. Dinari, through its blockchain-based tokenization technology, aims to enable investing in anything from anywhere…. Read More

March 20, 2025 @ 10:35 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has joined forces with the Commercial Bank of Dubai (CBD) to train the bank’s employees in the fields of data and AI. As the first bank in the UAE to launch an enterprise-wide data literacy program, CBD says that it is setting… Read More

March 15, 2025 @ 3:55 pm By Omar Faridi  |  

Crypto.com announced it has been issued a limited license by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE. This issuance now reportedly extends the provisions of Crypto.com’s existing VASP license to operate in the region. With this limited license, Crypto.com’s regional… Read More

February 3, 2025 @ 4:12 pm By Michael Wong  |  

TeamSec, a company that claims to be the world’s first AI-powered securitization platform, has raised $7.6 million through a joint investment led by Deniz Ventures, the venture capital arm of DenizBank, and Doha-based Rasmal Ventures. The funding round, executed under the Emirates NBD Innovation Fund—the… Read More

January 13, 2025 @ 11:56 am By Omar Faridi  |  

HashKey Group, an end-to-end digital asset financial services group in Asia, announced that HashKey MENA FZE, a member of the HashKey Group, has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application…. Read More

January 10, 2025 @ 10:33 am By JD Alois  |  

Dubai-based Tectum has issued a statement claiming to be the “world’s fastest blockchain.” According to the company the ledger technology has a “theoretical peak” of 3.5 million transactions per second (TPS). Of course, this is not something that is immediately verifiable. Alexander Guseff, Founder and… Read More

November 17, 2024 @ 6:04 pm By Michael Wong  |  

Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More

October 2, 2024 @ 7:42 am By Omar Faridi  |  

The latest DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting Middle East operations. Ripple, the provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) in order to expand its services from the Dubai International Financial… Read More

September 27, 2024 @ 10:52 am By JD Alois  |  

FCA-regulated real estate investment platform Shojin and Anarock, a Dubai-based real estate brokerage firm, have announced a new partnership. According to a company statement, the two firms will open up real estate investment opportunities for each of their investor networks. Anarock’s clients from Dubai will gain access to… Read More

August 14, 2024 @ 4:34 pm By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, has announced plans to partner with the DIFC Innovation Hub, the innovation ecosystem of the Dubai International Financial Centre (DIFC), to accelerate blockchain and digital assets innovation in the UAE. The new partnership will connect “the… Read More

August 3, 2024 @ 5:18 pm By Michael Wong  |  

National Pulse, a Dubai-based tech-driven enterprise, has strategically invested in Singaporean Fintech firm Aleta Planet to enhance cross-border payment services in the Middle East. This move aligns with the UAE’s recent push towards open finance and the adoption of digital services, according to the announcement…. Read More

June 12, 2024 @ 9:52 pm By Omar Faridi  |  

Stake, the digital platform for real estate investment, announced that they have raised $14 million in a Series A round reportedly led by MEVP (Middle East Venture Partners), along with Aramco’s Wa’ed Ventures, which is said to be one of Saudi Arabia’s largest VC’s, Mubadala… Read More

May 22, 2024 @ 10:45 am By JD Alois  |  

This past week, the California state legislature approved an Artificial Intelligence (AI) bill, SB 1047 that is being described as undermining innovation and hampering the development of the new technology. Joe Lonsdale, founder of Palantir (NYSE:PLTR) – a firm engaged in AI development, slammed the… Read More

May 19, 2024 @ 3:11 pm By Omar Faridi  |  

United Fintech is increasing its global presence with the opening of a new location in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, “spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust market demand and underscores… Read More

May 4, 2024 @ 10:12 am By Omar Faridi  |  

The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced today the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives “aimed at fostering… Read More