MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Deus X Pay, a regulated provider of institutional stablecoin payment solutions, is excited to announce its strategic partnership with BCB Group, a prominent provider of payment and trading services for the digital asset sector. This collaboration enables instant fiat currency settlements, offering clients faster, more cost-effective, and secure financial transactions. This announcement follows Deus X Pay’s recent rebranding from HAYVN, marking its transformation into a company dedicated to serving institutional…
Read More »Matthew White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), recently shared his insights on LinkedIn, highlighting the transformative potential of tokenization in reshaping asset ownership and investment opportunities. In his post, White reflected on the growing adoption of virtual assets, noting that over 500 million users globally are holding or investing in these assets. He emphasized that tokenization is no longer a concept confined to speculative discussions; instead, it…
Read More »DMCC and REIT Development have unveiled plans for the landmark ‘Crypto Tower,’ a 17-storey development in Jumeirah Lakes Towers (JLT). Designed to support DMCC’s growing blockchain, DeFi, and Web3 ecosystem, the project strengthens Dubai’s position as a global hub for innovation and advanced technologies. The tower will complement DMCC Crypto Centre’s existing headquarters in Uptown Tower, offering a cutting-edge space for collaboration, innovation, and business growth. The Crypto Tower will…
Read More »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 trusted leader in the virtual asset space, empowering the company to deliver secure, transparent, and…
Read More »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 fintech sectors. Further Ventures led the funding round, which also attracted investment from public bank…
Read More »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 early-stage venture investments in transformative areas such as DeFi, blockchain infrastructure, real-world asset tokenization, gaming…
Read More »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 globally. The company was founded by Scott Thiel and Matt Blom to break down barriers…
Read More »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 be traded and owned digitally, offering the promise of enhanced liquidity and accessibility. DAMAC, one…
Read More »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 through Mastercard’s partnerships with leading exchanges and providers in the region. The solution ensures secure…
Read More »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 US data centers catering to AI and cloud businesses” said Sajwani, the chairman of Dubai-based…
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