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Hash AI to launch UAE crypto mining site worth $2 million

Hash AI to launch UAE crypto mining site worth $2 million

Hash AI has begun constructing a $2 million large-scale cryptocurrency mining facility in the UAE. Announced on their X channel, the company noted that the site will fully be owned by the company. Hash AI will be mining Bitcoin, Dogecoin, Litecoin and at later stages other crypto.

The AI enhanced crypto mining site will sit over 3 acres and offer 3.5 MW power with the ability to host over 1000 ASIC Miners. Hash AI expects that it will bring in revenues of $3 million annually.

The site will also include 4,000 RWA ( Real World Assets) fractions. Hash AI will make 4,000 RWA fractions from this facility available for public investment, where people can participate for as little as $500.

Hash AI noted, ” We are thrilled to announce the acquisition of a substantial plot of land in the UAE, where we will be developing an industry-leading mining facility, fully owned by $HASHAI. This expansion will allow us to scale our operations massively, significantly enhancing long-term profitability. Construction is already underway, and we are eager to share progress updates with you along the way. We look forward to unveiling the fully operational facility in July!”

Hash AI is not the first crypto mining entity to set up in UAE, there is also home grown Phoenix Group, as well as Marathon Digital.

Qatar Financial Centre to create carbon token markets

Qatar Financial Centre to create carbon token markets

As per an article in Qatar Times, The Qatar Financial Centre (QFC) is creating an ecosystem for tokenized carbon markets. The market will not only facilitate cross-border carbon credit movements but also enable tokens produced in various countries to be easily exchanged. “The carbon markets ecosystem will be tested within the lab environment to validate its functionality, efficiency, and potential impact on carbon offset initiatives,” the QFC said.

It was one of the innovation challenges at QFC Digital Assets Lab. The tokenisation of carbon credits is aligned with the global linking of the currently “fragmented” carbon markets, and facilitates the cross-border movement of carbon credits; the interoperability of DLT (distributed ledger technology) protocols will enable tokens produced in different countries to be easily exchanged, it added.

The objectives of creating carbon markets ecosystem are to develop and test a DLT-powered platform that facilitates the tokenisation, trading and verification of carbon credits.

“The QFC aims to collaborate with industry stakeholders to coordinate the advancement of digital utilities and platforms that enable the smooth and reliable flow of environmental, social and governance (ESG) data,” it said.

These initiatives would play a crucial role in aiding financial institutions and businesses to channel capital to sustainable projects, while also monitoring commitments and evaluating the overall impact, according to it.

“The QFC will partner with domestic and international Greentech providers and stakeholders to develop the network which will include a disclosure portal, registry, and a marketplace/exchange,” it said.

The carbon credit tokenisation involves the migration of information and features of carbon credits onto a DLT, where these credits are represented as tokens and can also be directly issued on DLT, with all associated attributes publicly accessible.

Each carbon credit corresponds to a carbon token, establishing a one-to-one relationship, it said, adding the QFC’s role is to establish the rules for the lab as well as getting approvals, monitoring participation, intervening when there is non-compliance and commercial establishment. “The QFC will support the development of the ecosystem,” it said, “in looking forward, QFC acknowledges that the digital assets landscape is constantly evolving, and innovative solutions continue to emerge.”

The endeavour would be to design carbon offsets projects in consultation with stakeholders and sells carbon credits to buyers. The QFC ecosystem would ensure setting standards for carbon credit quality, certify and issue carbon credits, and have a registry to track certified credit projects and credits issuance and retirement.

Earlier The Hashgraph Association had announced that they had partnered with Qatar Financial Centre (QFC) Digital assets Lab noting that within the next 12 months it will work together with stakeholders to explore implementing five innovative use cases, in the areas of equity tokenization, Sukuk Islamic Bonds tokenization, real estate tokenization, sustainability ESG Carbon credits, as well as consumer engagement and loyalty programs.

ADGM amends crypto regulations to attract more VASPs

ADGM amends crypto regulations to attract more VASPs

The Financial Services Authority (FSRA) of ADGM has implemented amendments to its regulatory framework for digital assets. The implementation of these amendments follows extensive industry engagement and feedback received on Consultation Paper No. 11 of 2024, with an aim to make their regulations more comprehensive and simpler.

The focus of the implemented amendments is on revisions to the process whereby Virtual Assets (VAs) are accepted for use as Accepted Virtual Assets (AVAs) in ADGM, alongside appropriate capital requirements and fees for Authorised Persons conducting Regulated Activities in relation to VAs (VA Firms). The amendments also introduce a specific product intervention power in relation to VAs as well as enshrining rules that confirm our existing approach to the prohibition of using privacy tokens and algorithmic stablecoins within ADGM. Finally, the amendments expand the scope of investments in which Venture Capital Funds may invest.

The FSRA has updated the Guidance – Regulation of Virtual Asset Activities in ADGM to reflect the implemented measures and to provide further guidance to VA Firms in relation to applying the AVA assessment criteria.

Emmanuel Givanakis, Chief Executive Officer of ADGM’s FSRA said, “The implementation of these changes marks a significant milestone in the evolution of the FSRA’s framework for digital asset regulation. Through extensive consultation with industry stakeholders, we have further enhanced our framework to provide the regulatory certainty that industry participants need, while addressing the evolving risks of the digital asset ecosystem. We believe this further positions ADGM as a premier jurisdiction for digital asset-related activities and shows our commitment to fostering responsible innovation in financial services.”

Assesing the amended virtual asset regulations, Kokila Alagh noted that the amendments are a bold move to streamline digital asset regulation. She states on LinkedIN, “The Financial Services Regulatory Authority (FSRA) has transitioned from a regulator-led “Accepted Virtual Asset” approval model to a self-assessment regime by authorized VA Firms.”

She explains, this means authorised Persons (VA Firms) must self-assess Virtual Assets using enhanced AVA criteria; notification-only to FSRA before commencing activity; firms must publish and maintain a list of approved AVAs on their website; and ongoing monitoring to ensure continued compliance.

She added, ” The FSRA has also enhanced the assessment criteria for determining whether a Virtual Asset meets the requirements of being an AVA. The updated criteria basis includes, *Traceability & monitoring, *Security standards, *Market profile, *Exchange connectivity, DLT infrastructure, Innovation/efficiency and Practical functionality.”

Dubai Land Department sells $1.3 million worth of tokenized real estate

Dubai Land Department sells $1.3 million worth of tokenized real estate

After two consecutive successful sales of tokenized properties in Dubai, the Dubai Land Department and PRYPCO Mint the tokenization platform behind these sales, have sold $1.3 million worth of tokenized property deeds after tallying the two tokenized property sales in past two weeks alone. This is just the beginning, as Dubai Land Department invites interested individuals to register early and set up their accounts to take advantage of upcoming offerings before they sell out.

Dubai Land Department is seeking to unlock investment opportunities in one of the world’s most dynamic and innovative real estate destinations. In its first tokenized real estate project, DAMAC Maison Prive, valued at $653,000, it attracted 224 investors from over 40 nationalities, with an average investment amount of AED 10,714 ( $2900), and more than 6000 investors who were wait listed.

The latest and second property was sold in less than two minutes and attracted 149 investors from 35 nationalities. The one bedroom apartment in Kensington Waters, also worth $653,000, it was sold out in less than 2 minutes. Shares were offered at $544 with a wait list of 10,700 investors.

According to Amira Sajwani, the founder and CEO of PRYPCO “With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience. At PRYPCO, our mission is to democratize property ownership, and this is just the beginning.”

In May 2025, Dubai Land Department launched the region’s first tokenized real estate investment project through the ‘Prypco Mint’ platform. The initiative was implemented in partnership with Prypco, the Virtual Assets Regulatory Authority (VARA), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation (DFF) through the Real Estate Sandbox.

As for blockchain technology Ctrl Alt is offering the blockchain platform using XRP Ledger, while Zand digital bank is offering banking services.

In future listings, international investors will soon be allowed to participate, but for now only UAE residents and ID holders can.

DLD emphasized in their announcement that tokenized assets will represent up to 7% of Dubai’s real estate market by 2033 equivalent to $16 billion and that Prypco Mint will be at the cornerstone of this transformation.

Saudi Arabia is also starting to pilot real estate tokenization projects.

Hoko advertising agency acquires UAE metaverse company Everdome

Hoko advertising agency acquires UAE metaverse company Everdome

Hoko Agency, known for its cutting-edge campaigns for global brands including Mercedes-Benz, DP World, Hublot, Red Bull, Zegna, and LVMH, has announced the acquisition of UAE metaverse company Everdome.

As per the press release the strategic acquisition supports the growth of HumAIn Assets, Hoko’s newest venture aimed at reimagining content creation through a fusion of human creativity, artificial intelligence, and community engagement.

Since its inception in 2022, Everdome has delivered metaverse experiences for partners such as OKX and Alpine Web3, while playing a key role in initiatives like the UAE government’s Jahiz program. Their success has been driven by a nimble, Web3-native approach, community-focused storytelling, and a deep understanding of immersive digital marketing.

Through this acquisition, Everdome’s $DOME token and core leadership team will integrate into HumAIn Assets, a platform designed to reshape the way digital content, from imagery to video to copy, is commissioned, created, and delivered.

At the helm of this initiative are Bally Singh, Chairman of Hoko Agency; Scott Melker, a leading voice in Web3 media; and Everdome CEO Jeremy Lopez, who brings extensive expertise in Web3 execution, creative marketing, and community engagement.

“Our mission is simple: to deliver scalable, high-quality content without compromising on emotional resonance, timing, or creativity,” said Bally Singh. “While AI can automate much of the process, the final layer, the taste, context, and timing, remains inherently human. That’s what elevates content from acceptable to exceptional.”

HumAIn Assets is being developed to strike the right balance, leveraging AI for speed while maintaining human oversight to ensure quality and relevance. Everdome’s expertise in rapid, high-impact storytelling and immersive campaigns makes it a powerful addition to this vision.

“Web2 unlocked the creator economy. Web3 introduced true creator ownership. AI brings unprecedented speed,” said Scott Melker, Co-founder of HumAIn Assets. “The real breakthrough lies in integrating all three to build a sustainable, creator-first system. This isn’t about hype, it’s about creating the future of content production.”

“In Web3, community isn’t a buzzword, it’s the backbone,” Melker added. “When your audience becomes your collaborators, you’re not just marketing to people, you’re building with them.”

Jeremy Lopez, CEO of Everdome, commented: “Everdome was built on the belief that digital experiences can be bold, creative, and community-led. Joining Hoko and contributing to the vision for HumAIn Assets gives us the opportunity to build lasting infrastructure for the future of the creative economy.”

With this acquisition, HumAIn Assets accelerates its ambition to combine the usability and scalability of Web2 platforms, hallmarks of companies like Uber, Fiverr, and Instagram, with the transparency, decentralized engagement, and payment systems of Web3, all enhanced by the capabilities of AI.

Currently in invite-only beta, HumAIn Assets is already delivering results for select clients. With live briefs, active production, and content delivery underway, the venture is moving beyond proof-of-concept and toward becoming a new industry standard.

The first Universal Basic Ownership pilot starts at Machine Economy Free Zone

The first Universal Basic Ownership pilot starts at Machine Economy Free Zone

peaq a global computer with borderless, decentralized, digital infrastructure for real-world apps. has partnered with Pulsar Group, an advisory firm in Abu Dhabi to launch a Machine Economy Free Zone (MEFZ), a dedicated sandbox environment for the Machine Economy in the UAE which The MEFZ will also include the world’s first pilot of “Universal Basic Ownership (UBO). To support the free zone, peaq is setting up its official HQ in the UAE to support the Machine Economy Free Zone on the ground

According to the peaq post, all around us, machines are already doing the work, driving, farming, scanning, delivering, answering our prompts. They’re creating real-world value, every second of every day. But turning the rise of the robots into a human-centric, decentralized economy — one where people can co-own, govern, and earn from the infrastructure that runs the world takes more than just code. It takes regulation, incentives, and physical and digital spaces to test and build.‍

The Machine Economy is a society in which humans and machines co-exist, co-create value, and thrive together in the Age of Abundance. It’s a human-centric economic paradigm where machines provide goods and services, earn income, and interact directly with people, businesses, and each other. Powered by AI and running on Web3, these machines can operate both autonomously and independently, generate real-world value, and share that value with the communities they serve.

The Machine Economy Free Zone sandbox will combine regulation, machine and infrastructure deployment, research, and investment in one place. A space for founders and policymakers to test, deploy, and scale new ideas for how humans and machines can build a future that works for all humans – and one day, for conscious machines too.

“We’re honored to be part of peaq’s transformative journey. peaq is redefining what’s possible for the future of the Machine Economy. By boldly bridging the physical and digital worlds through a decentralized, scalable, and sustainable Layer-1 blockchain, peaq is laying the foundation for a new era of real-world connectivity and autonomy. This is more than technology — it’s a movement, and we’re proud to help shape what comes next.” said Alyazi Al Khattal, CEO of Pulsar.
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Machine Economy Free Zone sandbox will focus on four key pillars

Regulation: As part of the MEFZ, peaq is working on the development and testing of a range of regulatory initiatives and sandboxes, such as compliant tokenization and investment into autonomous machines and robots.
Deployment: peaq is working with Emirati partners to set up physical and virtual sandboxes where founders can experiment with new business models and deploy apps, devices and technologies aimed at powering more advanced smart cities.
Investment: peaq is connecting top apps (DePINs) on peaq with the most visionary investment bodies and institutional partners in the region, enabling them to scale and deploy at lightning speed.
Innovation Hub: peaq is establishing a regional innovation hub focused on supporting DePIN (Decentralized Physical Infrastructure Network) apps in research and development, deployment, and connection with organizations interested in the value these apps provide.
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Among the first initiatives to be tested in the MEFZ is a framework for Machine Tokenization. This framework aims to make it easy for anyone to invest in robots and machines, from autonomous vehicles to vertical farms. It’s a key piece of Machine DeFi, peaq’s vision for a decentralized financial system where people can co-own and earn from real-world machines as they operate and generate value.

The MEFZ will also include the world’s first pilot of “Universal Basic Ownership (UBO)”. UBO explores how machine-generated income can be distributed directly to the communities affected by automation. No middlemen, no red tape just machines generating value, and people receiving a share of it.

Both of these initiatives will be tested, refined, and scaled in the Machine Economy Free Zone.

‍“The Machine Economy is no longer a far-fetched dream, it is a reality quickly shaping up before our very eyes. peaq makes this transformation work for everyone and the Emirates, as one of the most innovative nations in the world, is the perfect place to pilot this vision, setting a template and example for the rest of the world”, noted Till Wendler, co-founder of peaq
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Binance now serving Syria with crypto

Binance now serving Syria with crypto

With the lifting of the United States sanctions on Syria, Binance, the world’s largest exchange with 21 licenses globally, has announced that it is now serving Syrian users.

As per the press release this is a pivotal moment for financial inclusion and reconnection.

Binance stands as a trusted and compliant exchange in the digital economy. Syrian users will now have access to Binance’s suite of products and services, including hundreds of digital assets, spot and futures trading, staking and earn products, stablecoins, and Binance Pay for seamless cross-border remittances. Dedicated educational content in Arabic and localized support will ensure users can onboard with confidence and trade securely.

Syria’s population is approximately 24 million residents, with an estimated 8 to 15 million more living abroad. Years of economic instability and high inflation left many dependent on remittances, informal networks, and unstable local currencies. These factors may explain why Syria ranked top 10 countries globally for crypto-related search activity as recently as 2021.

Richard Teng, CEO at Binance, said, “After years of exclusion, Syrians now have the chance to build, invest, and connect. With Binance, they gain access to one of the most robust crypto ecosystems in the world, from trading and earning opportunities to seamless crypto payments. This isn’t just about opening accounts; it’s about opening futures and horizons.”

Binance is committed to supporting Syrian users through educational initiatives, practical guidance, and secure access to the digital economy. Our mission has always been to promote financial accessibility and inclusion, and today marks a meaningful step forward.

Dubai PRYPCO Mint launches its second tokenized property

Dubai PRYPCO Mint launches its second tokenized property

On the heels of the success of the first tokenized property listing in UAE and MENA, which brought in investments of over $700K, Dubai PRYPCO, Dubai Land Department, under the regulatory overlook of Dubai’s Virtual Asset Regulatory Authority and the Central Bank of the UAE, have announced the launch of their second tokenized property worth $650K.

PRYPCO Mint will go live with the second tokenized property listing on June 11th 2025. As per the press release, the next phase not only reinforces investor confidence in fractional property ownership but also strengthens Dubai’s standing as a global pioneer in real estate innovation and blockchain-powered investment.

The new tokenized property is a one bedroom apartment in Kensington Water, at Mohammed Bin Rashid City. It has a total valuation of AED 1.5 million ( $653K) offered at a discounted rate compared to its estimated market value of AED 1.875 million.

Through fractional ownership starting from just AED 2,000, ( $540) to UAE residents holding Emirates IDs.

Amira Sajwani, Founder and CEO of PRYPCO, said, “The incredible response to our first tokenised property proved that investors are ready for a smarter, more accessible way to invest in real estate. With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience. At PRYPCO, our mission is to democratise property ownership, and this is just the beginning.”

Already PRYPCO Mint which was launched on May 25th has been successful in its first offering, a two bedroom apartment in Business Bay that attracted 224 investors from over 40 nationalities, with an average investment of $2900. The first was also listed at $653,000 and was fully funded in one day.

Blockchain based certificates of Property Token Ownership were granted for the first property. Ctrl Alt powers the blockchain infrastructure, issuing secure ownership tokens on the XRP Ledger, while UAE digital bank Zand serves as the official banking partner.

Targeting tech-savvy investors, millennials, and first-time buyers, PRYPCO Mint enables digital property ownership through a mobile-first experience, transforming real estate from a traditionally slow, capital-heavy asset into a flexible, inclusive, and liquid investment.

PRYPCO Mint platform is expected to open to international investors in its next phase, further expanding Dubai’s real estate footprint as a global innovation hub.

Allo Blockchain to pilot digital identity and RWA tokenization in Qatar

Allo Blockchain to pilot digital identity and RWA tokenization in Qatar

After being admitted to Qatar’s Digital Assets Lab, Allo, a blockchain tokenization platform has announced that it will begin piloting initiatives in areas such as secure digital identity systems as well as tokenization of real world assets.

By working within the Qatar Digital Assets Lab, Allo is able to fine-tune its blockchain technologies to meet the specific demands of local markets. This includes use cases such as Islamic finance, regional data protection standards, and tokenized assets.

According to Allo, the opportunity to build and test under regulatory guidance is relatively rare and enables developers to refine applications in alignment with both legal and market realities.

Allo not only is focusing solely on technical development, it is also collaborating for, security, and regulatory adaptability. Allo’s participation supports efforts to ensure that blockchain tools are accessible, secure, and tailored to real-world financial inclusion and risk mitigation needs.

The goal is to generate actionable insights on how distributed ledger technology can strengthen financial infrastructure while maintaining compliance with regulatory frameworks.

Other partners at Qatar Digital Asset Lab such as The Hashgraph Association, are also working on five tokenization use cases.

UAE based Akka Finance raises investment from Core Ventures

UAE based Akka Finance raises investment from Core Ventures

UAE based Akka Finance, the AI Intelligence Layer for Bitcoin DeFi (BTCFi), has received a strategic investment from Core Ventures, the investment arm of Core DAO.

As per the press release, the partnership validates Akka’s mission of leveraging AI to make DeFi easily accessible.

The new investment from Core Ventures joins a strong group of existing backers, including Ahoy Group and XVC Tech. As a portfolio company of KEY Difference Labs, Akka is building the future of Bitcoin-native DeFi by removing complexity and enabling smarter, more intuitive execution for all users.

The investment cements Akka’s role leading the AI revolution in DeFi, starting with the most popular cryptocurrency, Bitcoin. Core Ventures is a mission-driven investor who has deployed more than $1 million with the mission to bring decentralized finance to the Bitcoin blockchain.

Akka Finance launched its super-app in 2024, allowing users to interact with DeFi on ‘beginner mode’. By bringing trading, lending & borrowing and staking into one conversational interface.

Akka has 10,000 users which represent over 30% of the swap activity on the Core blockchain.

As part of its multi-chain rollout, Akka is launching a suite of predictive analytics that will solve the volatility problem endemic to crypto by allowing users to predict crypto prices in advance. The firm has also processed $80 million in transaction volume on Bitcoin DeFi.

By using a conversational interface to solve user problems, Akka’s cross-chain solution bundles numerous functions into one easy to use application. The team prepares to go beyond Bitcoin into other chains, and notes that several other partnerships and integrations are underway.

“Core Ventures’ investment is a powerful validation of our vision to make DeFi accessible to all, and recognizes the fundamental importance of Bitcoin as the most underserved blockchain,” said Ali Khoshnafs, CEO of Akka Finance. “Core is building the most secure, scalable foundation for Bitcoin DeFi, and Akka solves the complexity problem by providing a seamless intelligence layer optimized for all users. Together, we’re unlocking Bitcoin’s trillion dollar potential, making it productive and accessible for everyone.”

Core Ventures shares this enthusiasm for the future of BTCFi. “We back bold ideas that push the boundaries of Bitcoin’s utility in DeFi, and Akka Finance is a perfect example of that innovation,” said a representative from Core Ventures. “Their AI-driven approach aligns with our mission to create a scalable, secure ecosystem where Bitcoin can thrive as a cornerstone of decentralized finance.”

Founded in 2022 in Dubai, Akka Finance harnesses Dubai’s progressive regulatory environment and enjoys the government’s pro-innovation agenda.