The Depository Trust & Clearing Corporation, an American post-trade financial services company providing clearing and settlement services to the financial markets known as DTCC, has signed a definitive agreement to acquire Abu Dhabi based Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure invested in by Mubadala sovereign Fund.

Securrency will become a fully-owned subsidiary of DTCC and will operate under the name DTCC Digital Assets. Nadine Chakar, CEO of Securrency, will join DTCC as Managing Director, Global Head of DTCC Digital Assets, reporting to Lynn Bishop, DTCC Managing Director and Chief Information Officer. Chakar will also join the DTCC Management Committee. In addition, Dan Doney, CTO and founder of Securrency, John Hensel, COO and co-founder, and other members of the Securrency leadership team, as well as roughly 100 Securrency staff of full-time employees or contractors, will become DTCC employees.

Securrency is a blockchain-based financial and regulatory technology developer that raised $30 million in 2021 from State Street, US Bank, WisdomTree Investments and others. It has worked with WisdomTree to help the asset manager launch “blockchain-enabled” funds that keep a secondary record of share ownership on the Stellar or Ethereum blockchains.

Frank La Salla, President, CEO and Director, DTCC, said, “Securrency is an important strategic acquisition that will give us the technology to drive market-wide transformation by enabling end-to-end digital lifecycle processing for tokenized assets, digital currencies and other financial instruments. By bringing together DTCC’s commitment to providing market stability and our unparalleled network of financial market participants with the sophistication of the Securrency technology, we will be in a leading position to unlock the value of digital assets and help guide the industry through its digital transformation journey. We believe this next generation of financial market infrastructure will further reduce settlement times, facilitate market transparency and risk management, enhance regulatory oversight and controls, and unlock efficiency and innovation to create an improved investor experience.”

By combining DTCC’s digital capabilities and Securrency’s technology, DTCC will fast-track development of its enterprise digital asset platform to unlock the power of institutional DeFi. DTCC will leverage the technology over time to embed digital assets within its existing products and services, develop new, regulatory-compliant blockchain-based offerings and explore use cases with the industry, including buyside asset managers, broker-dealers and custodians, to collaborate on new DTCC blockchain-based solutions.

In addition, DTCC will lead the industry’s development of a robust, global digital infrastructure by licensing the Securrency technology and offering professional services. Firms will be able to leverage the technology to transform and evolve their operating models and to create innovative, new digital asset services alone or in collaboration with other market participants – similar to how WisdomTree licenses Securrency’s software as part of the infrastructure for its WisdomTree Prime™ offering that provides tokenized assets and funds via digital wallets for retail investors and consumers.

Chakar said, “As we join forces with DTCC, we are excited to bring together DTCC’s infrastructure capabilities with Securrency’s technology to embrace a future where the digitization of capital markets is at the forefront of innovation. These capabilities will allow DTCC to partner with the industry to build a resilient and scalable infrastructure critical to the mass adoption of digital assets. Together, we will unlock opportunities to reimagine compliance, liquidity, efficiency and interoperability in trading real-world assets on the blockchain.”

DTCC also plans to provide global leadership to foster industry-wide collaboration to help avoid fragmentation with different digital technologies and standards. Securrency’s technology can address this issue by acting as a DLT-agnostic harmonization layer that promotes interoperability, liquidity, transparency and security.

La Salla said, “We look forward to building on our past work to drive consensus around the standards, controls and frameworks necessary to support regulatory-compliant digital asset solutions and development of the right architecture and infrastructure to ensure widespread interoperability. We’re excited to welcome our new colleagues to the DTCC team and to begin collaborating as a group to strengthen market stability and resilience and drive greater efficiencies, productivity, risk mitigation and liquidity in the global financial markets.”

This announcement comes as John Hensel, Chief Operating Officer and Senior Executive Officer, MENA, Securrency told IBS intelligence, “The UAE is ramping up its efforts to become a global blockchain hub.” In his interview he commented on why they chose UAE out of all the other countries globally including, USA, Switzerland, Hong Kong and Singapore.

According to Hensel, SEC ( Securities and Exchange Commission) in the USA has portrayed a conservative approach to the regulation of digital assets, so exploring other regulatory jurisdictions they found that the UAE was a credible, well positioned young financial center that embraced technology with experienced regulatory experts from the USA, Australia, Singapore and others.

He explains, “ After being here for 6 years we have seen the landscape change and become more favorable for investors partnering under FSRA and who are benefiting from the protection of ADGM which will grow opportunities locally for us given we were first movers and have strong relations with sovereign wealth entities, broker dealers, fund managers as key stakeholders.”

Securrency entered the ADGM FSRA regulatory sandbox in 2017 and secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments in 2022. The license enabled Securrency Capital to provide trading of digital assets to a variety of clients, including retail clients.

Securrency had raised $30 million in its latest funding round. The funds were used to roll out the company’s expansion plans. The Series B funding round included existing investor WisdomTree Investment along with Abu Dhabi state fund Mubadala-backed Abu Dhabi Catalyst Partners, State Street and U.S. Bank. Prior to that in 202, The Abu Dhabi Investment Office (ADIO) had invested in Securrency, a US-based developer of blockchain-based financial and regulatory technology through its ventures fund.

The company also signed a strategic partnership with leading investment management and banking firm, Musharaka Capital in KSA, to develop a compliant platform for issuing digital securities in Saudi Arabia in 2020.

Fayafi Investment Holding, the first UAE firm made available through a bankable certificate issued under the SIX Swiss Exchange framework, listed on the Vienna Stock Exchange and featured on Bloomberg, has announced a strategic expansion of its investment portfolio to capture emerging opportunities. 22 percent of the portfolio is geared towards digital assets including Web3, tokenized finance and blockchain.

Fayafi has deployed USD 1.2 billion in investments towards diversified and high-growth opportunities in strategic industries. The firm is currently the highest-value UAE publicly listed company on foreign stock exchanges. It also ranks number 4 GCC-wide, reinforcing Dubai and the UAE’s credibility as a global financial hub. The move aligns Fayafi’s long-term investment strategy with key financial, technological, and green finance opportunities. Fayafi Investment Holding’s diversified portfolio allocation across key industries, including digital assets, biotech, defense, and sustainability.

15.5% of the portfolio is allocated to medical and biotechnology, in line with Fayafi Investment Holding’s mission of advancing human well-being and scientific innovation. The investments will power next-generation advances in genomics, AI-driven healthcare, and pharmaceuticals.

Aerospace and Defence allocations constitute another 15.5%, funding satellite technologies, defence AI, and next-generation aerospace materials as the firm looks to capitalize on increased long-term defence spending globally.

Quantum Computing & Advanced Electronics has a 14% allocation, with investments targeted towards AI hardware, and cryptographic quantum technology.

AI-Driven Financial Markets & Algorithmic Trading account for another 14%, with investments aimed at enhancing market prediction models, automated trading, and AI-powered hedge funds, to strengthen financial market efficiency.

7.5% is given over to real estate with a Dubai focus. Fayafi will strengthen its commercial and luxury real estate investments in Dubai, capitalizing on a stable and appreciating market.

8% is set aside for carbon credits and forestation programs, aligning with Fayafi Investment Holding’s mission of creating a sustainable and secure future for humankind. The investment will create carbon offsets and monetized environmental impact investments that benefit local communities through job creation and upskilling

“At Fayafi, we recognize both the evolving financial landscape and the growing importance of sustainability in investment. Our investment expansion integrates advanced financial technologies with environmental responsibility, ensuring both profitability and long-term value creation for our stakeholders. We seek to take advantage of exciting global trends while positioning ourselves as a driving force for innovation across finance, technology, science and sustainability,” said Dr. Patrick Pilati, Executive President, Fayafi Investment Holding Limited

In the short term, Fayafi Investment Holding is seeking increased market positioning, with liquidity generated through digital assets and AI-driven investments. In the longer term, Fayafi is banking on exponential growth in AI, quantum computing and biotechnology.

Fayafi Investment Holding Limited is a global leader in strategic commodity investments, with a presence on the SIX Swiss Exchange and Vienna Stock Exchange. The company specializes in advanced financial markets, digital assets, and sustainable investments, shaping the future of global finance through innovation and ESG-driven strategies.

Bahrain regulated digital assets exchange platform ATME, has issued gold-backed tokens with the support of the Central Bank of Bahrain marking it as the first case of its kind in the Kingdom of Bahrain.


ATME issued two tokens, designed for accredited investors, which were acquired by an eligible investor. Each token is backed by one kilogram of gold to provide a modern and secure way to invest in one of the most trusted assets for wealth preservation.


The company’s tokenized gold offering allows ownership of the physical metal without the complexities of storage or transportation. The tokens represent gold that is securely held in custody until its redemption or trade in ATME’s secondary market.


Commenting on the milestone, Alex Lola, Chief Executive Officer of ATME remarked, “Today marks a defining moment for ATME as we launch our first tokenized gold issuance. By combining the timeless value of gold with the transformative potential of blockchain technology, we are unlocking new ways for investors to access and trade high-value assets. This achievement highlights our team’s tireless dedication and our collective vision of building. We are excited about the possibilities ahead as we plan to expand our offerings to include more asset classes on our platform.”


The announcement also notes that future issuances will provide investors with access to a wider range of alternative assets. ATME remains focused on driving financial inclusivity and efficiency in the capital markets of Bahrain and the wider region.

As the second edition of Web Summit Qatar 2025 concludes, Qatar National Bank (QNB Group,) signed agreements with Qatar Financial Centre (QFC), Qatar Development Bank (QDB), and Rasmal Ventures. The agreement with QFC would allow fintech firms to access QNB banking infrastructure and support innovations in digital assets, tokenization, and embedded finance.

With QDB, the bank will collaborate on initiatives that promote Qatar’s entrepreneurial ecosystem, including funding opportunities for fintech startups and alternative financing models.


With Rasmal Ventures, QNB is creating new pathways for venture capital investment, enhancing support for high-potential startups and driving the adoption of cutting-edge financial technologies.


Speaking about the partnerships, Abdulla Mubarak Al-Khalifa, Group Chief Executive Officer of QNB, said, “Our strategic collaborations at Web Summit Qatar 2025 reflect our commitment to advancing digital finance and fostering a dynamic fintech ecosystem. By working closely with key financial and investment partners, QNB is strengthening Qatar’s role as a global financial hub and unlocking new opportunities for entrepreneurs and businesses to thrive in a rapidly evolving digital economy.”

UAE regulated crypto custodian Tungsten Custody Solutions, has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to provide custody for Toncoin (TON).

As per the press release, the approval further strengthens Tungsten’s position as a trusted custodian for institutional clients seeking secure and compliant custody solutions for digital assets. TONDLT Foundation was recently established in ADGM.

Toncoin (TON) has gained significant adoption, particularly within Telegram’s ecosystem, as it recently became the exclusive cryptocurrency for non-fiat payments related to the platform’s assets and services. Tungsten’s FSRA-regulated custody ensures institutional investors and enterprises can securely store TON with institutional-grade security, compliance oversight, and risk management.

Jose Aguinaga, Senior Executive Officer of Tungsten Custody Solutions Ltd, commented, “Securing regulatory approval to provide custody for Toncoin is a significant milestone for Tungsten and our commitment to offering regulated, institutional-grade custody solutions for a wide range of digital assets. With ADGM emerging as a key hub for blockchain innovation, we are proud to be at the forefront of enabling secure and compliant access to Toncoin for institutional investors and enterprises.”

“We’re thrilled to see Tungsten receive regulatory approval from the Abu Dhabi Global Market to provide secure custody for Toncoin,” said Manuel Stotz, President at TON Foundation. “This approval reflects not only the growing institutional interest in TON, but in blockchain, crypto, and digital assets generally. It also highlights Abu Dhabi’s commitment to building a trusted, clear regulatory framework that supports decentralized organizations and champions blockchain innovation. With their deep expertise and unwavering commitment to compliance, Tungsten is the ideal partner for institutions looking to securely store Toncoin.”

Prior to this announcement, Tungsten Custody Solutions announced its support of UAE MANTRA (OM) Blockchain with its custodial services.

UAE Liv digital bank launched by Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has launched a cryptocurrency offering within its mobile banking app – Liv X allowing users to buy sell custody and trade cryptocurrencies in partnership with Aquanow, a UAE regulated crypto asset exchange and Zodia Custody also regulated in the UAE.

As per the press release, Liv digital bank is committed to introducing innovative products to its customers and this new cryptocurrency offering, with crypto infrastructure operated by Aquanow and custody services performed by Zodia Custody, will give users an intuitive experience that is straightforward and efficient to use.

Customers will be allowed to buy, sell and trade cryptocurrencies within the Liv X app, whilst also managing their day-to-day finances. Additionally, Liv follows robust security protocols to enable secure transactions, providing further assurance to customers. In short they will be able to buy, sell, and hold cryptocurrencies within the Liv X app, providing them with direct access to digital assets. The offering is focused on trading and investment rather than direct payment for goods and services. The integration ensures a secure and compliant way for users to engage with digital assets within a regulated banking environment.

Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, noted, “We are excited to introduce our new cryptocurrency offering on Liv X, in partnership with Aquanow, giving customers the opportunity to buy, sell and trade cryptocurrencies conveniently and securely. Offering cryptocurrency on Liv X is the next step towards the overall vision of Liv being a pioneer in innovation and excellence. With the highest crypto adoption rate in the UAE, we are keen to launch our own virtual asset offering to capitalise on this trend.”

Phil Sham, Chief Executive Officer, Aquanow, said, “We are proud to partner with a storied financial institution in Emirates NBD, and excited to bring our globally deployed crypto solutions to a regional audience. Our partnership is a testament to the UAE’s emergence as a global crypto hub and is a leading example of how banks and fintech’s can collaborate to develop cutting edge, secure, and seamless product propositions that truly benefit the retail customer. Incumbent institutions like Emirates NBD will play a pivotal role in driving the next wave of digital asset adoption and Aquanow is proud to be the leading crypto provider chosen by financial institutions both here in the GCC and globally.”

The partnership with Emirates NBD focuses on integrating cryptocurrency trading within a regulated banking environment, allowing retail users to buy, sell, and trade digital assets securely through the Liv digital bank X app.

Recently Hubpay, a UAE cross-border payments platform partnered with Aquanow, to introduce the UAE’s first fully regulated crypto payments facility tailored for businesses and SMEs. In contrast to the partnership with Liv, the Hubpay partnership is centered around enabling crypto payments and cross-border transactions for businesses and SMEs. While both collaborations leverage Aquanow’s infrastructure, the ENBD partnership emphasizes retail crypto trading within a banking framework, whereas Hubpay focuses on payment solutions.

Oman is set to host DLive 2025 event covering the topics of AI, Blockchain, IoT, Automation, and Digital Transformation. Organized by Muscat Media Group, Gulf Leaders Circle, Times Of Oman and Al Shabiba, the event is set to bring together visionary leaders, tech pioneers, investors, and government officials, the event will explore cutting-edge innovations driving business success, economic growth, and digital transformation across industries.

As part of this transformative event, the DLive Awards 2025 will recognize trailblazing individuals, groundbreaking innovations, and leading organizations shaping the future of technology. These awards honor excellence in digital transformation, automation, fintech, cybersecurity, and beyond, inspiring the next wave of industry advancements.

With technology at the core of economic progress, DLIVE 2025 serves as a catalyst for innovation, investment, and collaboration. The event will feature:

Inspiring Talks & Panels – Learn from top tech and business leaders.
Powerful Networking – Connect with key decision-makers, industry experts, and investors.
DLIVE Awards – Celebrating innovation and leadership in digital transformation
The DLive Awards: Recognising Excellence in Innovation
Aligned with Oman’s Vision 2040, the DLiveAwards 2025 celebrate the visionaries and innovators shaping a knowledge-based economy through technological advancements. Categories include:
AI & Automation Excellence
Blockchain & Fintech Innovation
Smart Infrastructure & IoT Leadership
Cybersecurity & Data Privacy Pioneer
E-commerce & Digital Retail Excellence
HealthTech & Telemedicine Advancement
Sustainability Through Technology
Human-Centered AI & Ethics Leadership
Robotics & Industry 4.0 Transformation
Education & Digital Skills Development

With offices in the United States, Singapore and France Flowdesk, a full-service crypto trading and technology firm, is seeking to set up an office in UAE as part of its MENA expansion plans after closing its $102m financing round. Flowdesk received as well further equity support from existing shareholders and HV Capital as well as debt from funds and accounts managed by BlackRock. 

Since its launch in 2020, Flowdesk is a strong liquidity provider in the crypto industry, notably through its Market-Making as a Service offering, serving spot and derivatives markets across over 140 centralized and decentralized exchanges. The company is dedicated to engineering trading technology and liquidity solutions tailored to the needs of a digitally native economy.

Following its global expansion in 2023, the company’s revenues grew by 8x in 2024. The extension will bolster ease of access to digital asset liquidity for ETFs and OTC trading solutions through a single point of contact.

‟Guilhem and the entire Flowdesk team have done a tremendous job in creating a hyper-growing, profitable, FinTech powerhouse within the vastly expanding digital asset space. Offering their clients the relevant infrastructure while complementarily adding OTC products and proprietary trading is incredibly smart. We are proud to have partnered with such a capable, experienced and smart founder and management team and strongly believe in Flowdesk as global FinTech Champion”, said Alexander Joel-Carbonell, Partner at HV Capital. 

Flowdesk has strong expansion plans

Flowdesk has ambitious growth plans for 2025. The funds will be used to scale its OTC derivatives business and launch a dedicated crypto credit desk, broadening its services to meet the evolving needs of the digital asset market.

The company will also invest heavily in its proprietary trading infrastructure and double its headcount, reinforcing its position as a leading liquidity provider and OTC trading firm while accelerating its global expansion.

The company also intends to invest significantly in compliance and legal to support the maturing guidelines from regulators, notably in anticipation of MICA. Finally, the company is set to open additional offices, notably considering UAE as its next outpost in the Middle East.

‟Our mission is to build institutional-grade trading solutions for the digital asset ecosystem. We are grateful to have partners and our existing investors backing our ambitious growth plans”, said Guilhem Chaumont, Global CEO of Flowdesk. ‟Tokenization has the potential to transform capital markets on a global scale. This partnership will allow us to continue pursuing our quest to make digital assets accessible to a wider range of institutionalized counterparties.” 

In 2024, Flowdesk served as a Liquidity Provider for various BTC ETF issuers. Today, all BTC ETF funds hold more than $115 billion worth of the cryptocurrency, according to FactSet. ‟Digital asset ETFs mark a pivotal moment in the evolution of crypto,” said Reed Werbitt, US CEO And Chief Revenue Officer of Flowdesk. ‟These ETFs send a strong signal to institutional investors that digital assets are maturing, paving the way for substantial capital inflows from hedge funds, pension funds, and endowments. We look forward to partnering with institutions entering the space through ETFs or any instruments.”

Trescon’s flagship event, HODL 2025 (formerly World Blockchain Summit), the world’s longest-running crypto and web3 summit series, is set to return to Dubai at the Madinat Jumeirah, on 14-15 May, 2025 bringing together 5,000 Web3 innovators and investors.

The event will showcase cutting-edge advancements in blockchain, crypto, DeFi, and digital assets, offering unparalleled networking and business opportunities in one of the world’s most forward-thinking tech hubs. HODL 2025 will host leading blockchain pioneers, crypto innovators, top-tier investors, and government representatives, making it the most anticipated Web3 business conference in the region. Designed to facilitate serious deal-making, strategic partnerships, and high-value networking, HODL is where ground-breaking ideas meet real-world implementation.

With its focus on institutional blockchain adoption, investment opportunities, regulatory frameworks, and next-generation DeFi models, HODL has built a reputation as the go-to event for C-suite executives, venture capitalists, and blockchain innovators seeking tangible business outcomes.

Speaking on the significance of HODL, Mohammed Saleem, Chairman and Founder of Trescon, emphasised: “HODL 2025 will be the ultimate convergence of blockchain leaders, investors, and innovators, setting the stage for breakthrough ideas and partnerships that will shape the future of Web3. This is where the next generation of blockchain businesses will be built.”

Adding to this, Corbin Fraser, CEO of Bitcoin.com and a speaker at the Summit, highlighted Web3’s role in driving innovation and advancing the crypto economy, “Builders are breakwaters, turning volatility into crypto stability.”

Joining Corbin Fraser at the summit, the distinguished lineup of speakers includes:

Roger Bayston, Executive Vice President Head of Digital Assets, Franklin Templeton

Viktor Fischer, Managing Partner, RockawayX

Jigar Patel, Global Head of FinTech & Internet, Morgan Stanley

Katherine Dowling, General Counsel & Chief Compliance Officer, Bitwise Asset Management

Gracy Chen, CEO, Bitget

Jason Allegrante, Chief Legal & Compliance Officer, Fireblocks

Sumit Gupta, CEO, COINDCX

Teddy Liu, Executive Director and Chief Executive Officer, JINGDONG Coinlink Technology Hong Kong Limited

Vijay Tirathrai, Managing Director & Regional Head of MENAPT, TechstarsRonit Ghose, Global Head – Future of Finance, Citi Global Insights

Backed by industry leaders, HODL 2025 is set to drive the future of Web3 and blockchain innovation. The event is proudly supported by leading sponsors, including Gofaizen & Sherle (Gold Sponsor), Sky Gate Network, and FMCPAY (Bronze Sponsors).

Dubai is set to host Unchained Summit 2025, a highly curated gathering of leaders and innovators in Web 3. Scheduled for April 28 – 29, 2025, at Kempinski Central Avenue, the summit will serve as a platform for in-depth discussions and meaningful connections, bringing together key voices influencing the evolution of Web 3.0 globally.

Dubai has established itself as a hub for Web 3.0, driven by a proactive regulatory framework and a growing ecosystem of innovators. With clear policies supporting blockchain development and oversight from entities like the Virtual Asset Regulatory Authority (VARA), the city has become a key destination for Web 3.0 companies looking to scale globally.

Unlike large-scale conferences that prioritize hype, Unchained Summit is designed for high-value, strategic networking. It brings together key decision-makers and curated investor-startup connections, ensuring that emerging Web 3.0 projects engage directly with leading VCs actively seeking new ventures.

Beyond networking, the summit features high-impact discussions on institutional adoption, regulation, blockchain infrastructure, payments, and scaling. Investors gain direct access to promising startups, while builders and innovators connect with industry leaders who understand blockchain’s complexities and are ready to explore solutions that drive real progress.

A Powerhouse Speaker Lineup:

The summit will showcase an impressive lineup of speakers, including:

  • Ronghui Gu, Co-Founder, CertiK
  • Sreeram Kannan, Founder & CEO, EigenLayer
  • Luca Schnetzler, CEO, Pudgy Penguins
  • Katherine Dowling, General Counsel & Chief Compliance Officer, Bitwise Asset Management
  • Greg Scanlon, VP, Franklin Templeton Digital Assets
  • Yat Siu, Co-Founder & Executive Chairman, Animoca Brands, and many more.

Unchained Summit will also see participation from major industry players such as Bitwise Asset Management, Franklin Templeton, PayPal, and CertiK, alongside some of the most prominent investors in Web 3.0. Leading venture capital firms, including Fenbushi Capital, Hypersphere Ventures, Lemniscap, and Big Brain Holdings, will be in attendance, actively scouting for high-potential projects and investment opportunities.

Talking about enhancing security protocols in a dynamic landscape, Ronghui Gu, said, “In the fast-evolving blockchain space, security protocols must continuously adapt to emerging threats. Recent incidents, such as the Bybit exploit, underscore the urgent need for proactive risk management. CertiK’s approach — combining continuous monitoring, real-time threat analytics, and rigorous smart contract audits — ensures vulnerabilities are identified and mitigated before they can be exploited. This commitment to dynamic security sets an industry benchmark and offers an interesting topic for discussion at Unchained Summit.”

Sharath Kumar, CEO of Aeternum, organizer of Unchained Summit, emphasized: “April is a buzzing month for Web 3.0, with Dubai hosting numerous events. However, the sheer volume often dilutes quality and impact. At Aeternum, we are committed to standing out by curating an event that connects high-potential startups with serious investors. Unchained Summit prioritizes funding opportunities for new projects, bringing together the region’s most influential VCs, institutional investors, and policymakers. By combining strategic networking with high-impact content, we ensure that founders meet the right backers to accelerate growth and drive real innovation in Web 3.0.”

Tickets to the event are available on the official website: unchainedsummit.com

SettleMint, a blockchain company that enables enterprises to easily and rapidly build and integrate blockchain applications, which was accepted into the Qatar Financial Center (QFC) Digital Assets Lab, has successfully piloted the tokenization of private shares of QFC.

In a LinkedIn post, Henk Jan Hoogendoorn, Chief of Financial Services Sector at Qatar Financial Centre (QFC) Authority, stated, ” Thank you Matthew Van Niekerk and team for the successful pilot of the private share tokenization of QFC. We call upon the Financial Sector to find more use cases tokenization in Qatar.”

In November 2023, Henk had noted that QFC and SettleMint would be tokenizing the private shares and equity for companies in Qatar. He had stated at the time, “ Next steps on tokenization of private shares / Private Equity discussed with our digital asset lab partner SettleMint both for Qatar Financial Centre (QFC) Authority and any investment manager that would that would like to tokenize or fractionalize investments.”

In April 2023, Qatar Financial Centre Authority (QFCA) signed its second Blockchain MOU with Settlemint, after signing its first with R3. The agreement with Settlemint aimed to work on Blockchain and digital asset initiatives in the financial sector. QFCA and Settlemint agreed to explore potential synergies with industry participants, including financial institutions, fintech firms, and corporate organizations, to accelerate the adoption of blockchain and digital asset business models and solutions.

QFC ( Qatar Financial Center) also played an instrumental role in the recent collaboration and partnership of two DLT entities, The Hashgraph Group, a Swiss-based international business, venture capital and technology company, and SettleMint a blockchain transformation company. The partnership seeks to accelerate the impact of DLT ( Distributed Ledger Technologies) and digital assets across several industries.