Qatar Fintech Hub advance digital assets startups in acceleration program

Qatar Fintech Hub advance digital assets startups in acceleration program

Qatar Fintech Hub announced that Fintech and digital startups from 7countries showcased their solutions during the Demo Day which is the final milestone of the Wave 6 Incubation & Acceleration Program. These startups have advanced through the flagship program to develop their innovative solutions in line with the National FinTech Strategy focusing on two key themes of Islamic FinTech and Digital Assets.

The startups include names such as Alt DRX a B2B real Estate Marketplace for Indians to buy & sell tokenized properties 1 SQFT at a time; powered by algorithmic pricing, instant settlements & Blockchain ledgers.

The second startup to be pitching is ARCA X LLC which is building the bridge between Centralized Finance (CeFi) & Decentralized Finance (DeFi) Through Hard-Blockchain (HBC)™ our proprietary blockchain hardware infrastructure & software end-to-end solution.

The third is Blade Labs which combines AI, blockchain, and smart contracts to help financial institutions deploy Shariah-compliant capital more efficiently. Our embedded Islamic finance platform automates compliance, enhances transparency, and reduces processing time from weeks to minutes, providing secure and scalable solutions for the $3.9T Islamic finance market.

Also pitching is Credit Plus which is empowering SMEs by providing innovative supply chain finance solutions that enhance cash flow, promote financial inclusion, and drive economic growth, with a vision to be the leading digital platform for seamless collaboration between banks, buyers, and suppliers across the MENA region.

Other startups include

Dhahaby facilitates loans against gold, gold jewellery and luxury timepieces removing the friction in collateralized lending for borrowers and lenders.

Ehmini is a digital platform offering embedded Takaful insurance solutions tailored for low and middle income expatriates in Qatar and the GCC. We simplify access to affordable retirement and insurance products by integrating seamlessly with financial institutions and payment platforms.

Finrock is a B2B platform allowing any asset to be identified, verified, and transferred to the blockchain unlocking liquidity and creating a secondary market.

GreenVycto, which is a Carbon Credit Tokenization platform designed to accelerate sustainability through incentivizing eco-friendly actions and supporting a green economy.

Hemaayah is an Insuretech platform bringing insurance protection to 30 Million GCC employed blue-collar workers. Their remittance linked insurance product provides health and income protection benefit to 150 Million family members of migrant workers.

Kredflo is a Shariah-compliant anchor led supply chain finance which enhances cash flow for anchors/sellers by offering immediate payments, while providing buyers/borrowers with a cost-free credit line.

Sidra a tokenisation infrastructure service provider and finally Wafir which transforms traditional lending circles into a modern, digital experience, ensuring secure, transparent, and efficient community financing.

Blade Labs joins Qatar’s digital assets lab partnering with The Hashgraph Association

Blade Labs joins Qatar’s digital assets lab partnering with The Hashgraph Association

Blade Labs is a financial technology that tokenizes financial productions and services secure a fintech license at Qatar Financial Center, and admittance to the Digital Asset Lab, as it partners with The Hashgraph Association, a Swiss digital enabler of the Hedera Network, to utilize DLT ( distributed ledger technology) to foster and advance financial services to the masses of the MENA region.

In addition Blade Labs is registering for a Financial Services Regulatory Association (FSRA) license in Abu Dhabi Global Market (ADGM).

Kamal Youssefi, President of The Hashgraph Association, said, “The Hashgraph Association is actively invested in ensuring digital enablement and inclusion, particularly, in the Middle East. Our strategic investment in Blade Labs, which provides innovative fintech solutions in the region, is testimony to our commitment to empowering enterprises with Web3-compliant solutions.

The partnership comes at the heels of two major government-backed Venture Studio initiatives being undertaken by The Hashgraph Association in the region; together, these co-investment ventures are valued at $300 million over the next 5-years.

As part of the collaboration, Blade Labs will provide both a conventional and Shariah compliant Digital Securities Platform to support these investments. The strategic investment and partnership address the growing need for digital transformation solutions required by enterprises to participate in the digital economy, effectively.

Blade Labs is currently focused on providing non-custodial fintech APIs that distribute tokenized funds across multiple jurisdictions in a compliant and user-friendly manner. Tokenizing funds enhances liquidity with real-time settlement, reduces operational costs, and improves collateral management by allowing these funds to be used as collateral across various platforms. These benefits make tokenized funds an attractive option for both traditional and digital-native investors, offering better returns, capital efficiency, and advanced risk management.

“As an investor and strategic ecosystem partner of Blade Labs, The Hashgraph Association’s deep multi-level relationship will enable us to integrate our cutting-edge digital asset solutions with more businesses in the Middle East and beyond. We are also well placed to support the execution of strategic initiatives in the region to grow and empower ecosystems that will help us drive digital transformation.” said Sami Mian, CEO of Blade Labs.

The Hashgraph Association has been at the forefront of key ventures in the Middle East and GCC (Gulf Cooperation Council) region. The first in Saudi Arabia has already commenced this year to build a $250 million DeepTech Venture Studio in Riyadh, in close partnership with the Ministry of Investment Saudi Arabia (MISA), and the second in Qatar aims to build a $50 million Digital Assets Venture Studio in Doha, in collaboration with the Qatar Financial Centre (QFC), with both these partnerships considered long-term and spanning over the next five years.