The IOTA Ecosystem DLT Foundation has taken a significant step towards reshaping the future of global trade and finance with the announcement of a $10 million investment fund during Investopia 2024 in Dubai, UAE. This fund is designed to accelerate the development of TradeTech solutions and support startups and ventures focused on digital technology initiatives and the tokenization of tangible assets. In collaboration with TLIP, a digital platform specializing in trade data storage and exchange, the initiative underscores the UAE's dedication to pioneering technologies that enhance global trade.
His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of Investopia, highlighted the fund's alignment with Investopia's mission to encourage entrepreneurs to explore new economic frontiers. The IOTA Foundation's statement emphasized the potential of this initiative to unlock new opportunities for efficient and seamless global trade, thereby benefiting economies and societies worldwide. The foundation's participation in Investopia 2024 not only allowed it to present its innovative solutions to a global audience but also to engage with over 2,500 participants, including investors, business leaders, and entrepreneurs, fostering potential collaborations and investment opportunities.
Registered with the Abu Dhabi Global Market, the IOTA Foundation is at the forefront of developing decentralized governance technologies. By harnessing advanced technologies such as blockchain, digital currencies, and the Internet of Things (IoT), the foundation is laying the groundwork for a new digital economy. This $10 million fund represents a pivotal move towards achieving that vision, offering substantial support for startups across Africa and the UAE that are poised to redefine the digital trade and finance landscape. For more information on the IOTA Foundation's initiatives, visit https://www.iota.org.
