UAE RAK DAO, Ras Al Khaimah Digital Assets Oasis, has attracted Indian and Chinese Web3 Blockchain entities as it licensed 100 digital asset and Blockchain licenses. According to the press release, RAK DAO has issued the most licenses to Indian companies, 15% to be exact. Following closely is China.

These global entrepreneurs not only leverage RAK DAO’s strategic location in the UAE but also tap into its comprehensive ecosystem of services meticulously crafted to meet their evolving needs. From blockchain, digital assets, and AI services to consulting, RAK DAO equips its licensees with the essential tools and support required for success in the digital asset era. With the majority of companies registering with RAK DAO being global web3 and blockchain entities, the ecosystem fosters a thriving environment for cutting-edge innovation and technological advancement.

DAO Hive, the innovative business center unveiled by RAK DAO, is offering flexible membership packages for entrepreneurs to flourish in a collaborative environment with state-of-the-art amenities and networking opportunities.

“As we celebrate this remarkable milestone of issuing over 100 licences in well under a year, we reaffirm our commitment to driving innovation and fostering growth within the global web3 and blockchain sector,” says Dr. Sameer Al Ansari, CEO of RAK DAO.

He adds, “DAO Hive stands as a testament to our vision of creating a dynamic ecosystem where pioneering ideas converge and businesses thrive. This achievement not only underscores the success of RAK DAO but also reflects the resilience and dynamism of Ras Al Khaimah’s business landscape. We are proud to be at the forefront of shaping the future of the web3 industry, offering global entrepreneurs unparalleled opportunities to flourish within DAO Hive and beyond.”

RAK DAO has signed many partnerships with blockchain and digital asset entities since its launch, the latest being with BlockLogica.