Dubai’s Jumeirah Lake Towers (JLT) is set to welcome a groundbreaking 17-storey Crypto Tower, a landmark project launched by DMCC in partnership with REIT Development. The tower will support the expanding blockchain, decentralized finance (DeFi), and Web3 ecosystem in the region. Spanning 150,000 square feet of leasable space, the tower will include nine office floors...
Venture asset manager Sigma Capital has launched the Sigma Capital Fund I, a $100 million initiative aimed at reinforcing the UAE’s position as a leader in blockchain innovation and institutional investment. This fund is designed to stimulate advancements in Web3, specifically targeting early-stage ventures in the region and beyond. The scope of the Fund includes...
DAMAC Group has joined hands with blockchain firm MANTRA in a groundbreaking move to tokenise $1 billion worth of real-world assets. The partnership aims to bring blockchain technology into the Middle East’s real estate market, offering new opportunities for investors through fractional ownership and easier access to high-value properties. The initiative will focus on token-based...
Mastercard has launched its new Crypto Credential service in the UAE and Kazakhstan, marking its first entry into the Eastern Europe, Middle East, and Africa (EEMEA) region. This innovative solution is designed to simplify and secure cryptocurrency transactions by replacing complex blockchain addresses with easy-to-use aliases. The system ensures transactions are processed only if the...