IOTA Foundation has been selected for the UAE Ministry of Economy, ADDED, and World Economic Forum TradeTech Regulatory Sandbox.
IOTA Foundation was selected to be part of the well-known TradeTech Regulatory Sandbox jointly organized by the World Economic Forum, the UAE Ministry of Economy, and the Abu Dhabi Department of Economic Development (ADDED). The initiative focuses on several key use cases within trade finance involving Know Your Customer (KYC) processes and digital identity.
IOTA announced this on X, stating, ” We are excited to participate in a use case focusing on KYC and Digital Identity for Trade Finance.”
The use case will be presented during the plenary session at the TradeTech Forum in Abu Dhabi on April 8th 2025.
The WEF for Trade and Investment chose eight participants who will be working closely with UAE regulators to test and refine solutions that address challenges in the global trade finance space. The entities other than IOTA include Credore, Enigio, Jetstream, Empeiria blockchain offering self sovereign identity solutions based out of the UAE, Haifan as well.
Regulatory partners include ADGM, Central Bank of the UAE, DFSA (Dubai Financial Services Authority) and UAE Ministry of Cabinet Affairs’s RegLab
