Digipharm, a value-based healthcare ecosystem dedicated to transforming healthcare procurement and patient engagement, today announces its participation in the “Hashgraph Innovation Program” driven by The Hashgraph Association, the not-for-profit accelerating adoption of the Hedera network globally. As a revolutionary step in blockchain technology and decentralised application development, this partnership will significantly bolster the capabilities and outreach of Digipharm’s Reimburse and Digihealth platforms.

DigiPharm works with UAE based Burjeel Medical City. In 2022, Burjeel Medical City (BMC), and Digipharm joined hands to design and validate a new model for patient care in the UAE. The new platform, will focus initially on the Bone Marrow Transplantation program and will later expand to other specialties at the hospital.

Digipharm is an industry leader in the value-based healthcare arena. Its flagship product, Reimburse, stands out as a pioneering value-based procurement platform which has been adopted by government clients spanning from the UK to the Middle East.

Additionally, esteemed private hospital groups are leveraging Reimburse to redefine their healthcare offerings. Digihealth, another element of Digipharm’s offering, is curated as a patient engagement ecosystem. Its primary aim is to enhance patient preference and engagement, ensuring that healthcare decisions resonate with the needs and insights of the very individuals they impact.

The Reimburse and Digihealth platforms, key innovations by Digipharm, align perfectly with the core objectives of the Hashgraph Innovation Program. These platforms, built to redefine patient-centric care and healthcare finance, will greatly benefit from the innovation program. With the support from the Hedera network, both platforms will undergo extensive ideation, proof-of-concept modelling, and minimum viable product (MVP) development, ensuring that they stand at the forefront of healthcare technology.

Kamal Youssefi, President of The Hashgraph Association, said; “We are thrilled to welcome Digipharm to the “Hashgraph Innovation Program”, pioneering the way towards value-based healthcare. This partnership will catalyse new and innovative ways to accelerate decentralised solutions on the Hedera network, while identifying real-world use cases. We’re confident that by providing the funding and support to Digipharm, we’ll help bring the benefits of DLT to healthcare systems worldwide.”

Speaking on this significant partnership, Ahmed Abdulla, CEO at Digipharm, commented, “Joining the Hedera Hashgraph Innovation Program is a monumental leap for Digipharm. We are eager to harness the extensive resources and expertise from this collaboration to further enhance Reimburse and Digihealth, ensuring we deliver unmatched solutions in healthcare.”

As part of this esteemed group, Digipharm is set to benefit from the vast network, financial support, and unparalleled expertise provided by the Hashgraph Association. This collaboration solidifies Digipharm’s commitment to integrating top-tier blockchain solutions into healthcare, creating a brighter and more sustainable future for the sector.

Deus X Capital with offices in the UAE has launched with $1 billion in assets according to an article published in CoinDesk. As per the article the family office backed investment firm launched on October 2nd with Tim Grant as CEO.

Tim Grant previously headed EMEA at Mike Novogratz’s Galaxy Digital. Before that he was CEO of SIX digital exchange

Deus X capital will deploy capital, in private equity, venture capital and fund allocation opportunities in the digital asset, blockchain, fintech and institutional capital markets sectors.

According to information on the website Stuart Connolly has been appointed chief investment officer.

In a statement to CoinDesk Tim Grant stated, “The existing financial system is expensive, unwieldy and works for the few, not the many. We are committed to investing in and building the most innovative digital asset, fintech and capital markets businesses.”

The firm’s existing investments include stakes in publicly listed companies such as crypto financial services firm Galaxy and asset manager Hilbert Group (HILB). It also has allocations to a number of hedge funds.

As per Deus X Capital website it invests globally and has a presence in Malta, London and the UAE.

Oman’s National Real Estate Development and Investment SAOC (OSOS) and Blockchain development company Chainsense have signed an MoU to set up  a Blockchain Valley within the Sultanate of Oman.

OSOS offers a variety of services that meet the requirements of the real estate market efficiently, through a specialized management team and its strong backing from the major shareholders such as Royal Oman Police (ROP) Pension Fund (PF), Ministry of Defence PF, Diwan PF, Public Authority of Social Insurance, Bank Muscat, MB Holdings, Al Madina Investments and Al Rayan Bank Qatar.

Activities of OSOS include the real estate development, management, operations, and valuations of real estate, along with special focus on investments in lucrative and value-added opportunities in the region which synchronized with the Oman Vision 2040.

Chainsense Ltd is a Tech MNC headquartered in London with its presence in four countries including the UAE. It offers its services to over 429 clients and has completed 85 blockchain projects.

The MOU was signed in the presence of Mir Ata Ali Khan, Adviser, Nipoon Agarwal— Director and COO Chainsense, Ganesh Lore, Founder and CTO Chainsense, and Abdullah Al Hinai, HOP at OSOS.

UAE Mubadala Capital, a wholly owned subsidiary of Abu Dhabi sovereign fund Mubadala, is sponsoring for the first time a crypto event in the United Kingdom. Mubadala Capital, global asset managers with a presence in Abu Dhabi UAE, London, New York, Rio de Janeiro, and San Francisco, manages over $16 billion worth of assets.

Mubadala Capital is participating as a bronze sponsor at the Token 2049 event in London. While Mubadala Capital commenced operations in November 2021 as a subsidiary, it had been investing for over a decade. The wholly owned asset management is focused on investing in disruptive technologies.

The company had grown significantly in scale over the past decade, with $9 billion in third-party capital vehicles on behalf of over 50 institutional investors.

While Mubadala Capital has a strong portfolio of investments in companies across the sports media and entertainment sector including EMI Music Publishing, Endeavour Group Holdings, Reigning Champs, Ultimate Fighting Championship (UFC) and the Yankees Entertainment and Sports Network (YES Network), it has not announced investments in the crypto or blockchain ecosystem.   It has acquired Canada Cartage, a leading logistics platform, as well as invested in Australian company SX Global which is set to promote the next FIM super cross World Championship, but nothing pertaining to blockchain or crypto that was made public. 

It also recently closed its first Fund in Brazil, under the name the Brazil Opportunities Fund I, with a total commitment of $322 million and in August 2021 it also closed a $1.6 billion third party equity fund focused on investing in media, sports, consumer and food services across North America and Europe.

Mubadala Capital has even invested $72.5 million in a Series A round in Pretzel Therapeutics which is developing a suite of first in class therapies that can correct mitochondrial DNA mutations, modulate mitochondrial DNA expression, and improve mitochondrial quality control.

It seems that their sponsorship of Token 2049, Europe’s crypto event, being held on the 9th-10th of November might be the first step in the direction of crypto and blockchain ecosystem.

TOKEN2049 is organized annually in London and Singapore, where founders and executives of the leading Web3 companies share their view on the market. It will have more than 150 speakers and 3000 attendees.

There were some statements made by the CEO and Managing Director of Mubadala, that showed signs that they were starting to look into the crypto ecosystem and already investing in blockchain.

CEO and Managing Director Khaldoon Al Mubarak said in an interview with CNBC back in 2021, “I think it (crypto) is real. This is a business that had $200 billion worth of value two years ago, and is $2.5 trillion value today and growing. So while many people are sceptics, I do not fall in that category.”

He added at the time, “The evolving regulatory environment will help crypto transition into something new. We are investing in the ecosystem around crypto, be it blockchain, energy usage.”

It is noteworthy that Mubadala was one of the investors in virtual asset exchange out of Abu Dhabi called Midchains.

Companies participating at Token 2049 include, Aave, Tezos, Tether, The Sandbox metaverse, BitMex exchange, Sygnum Digital bank, Elrond, Skale and so many more.

So could this be the start of a new journey for Mubadala Capital into the crypto, metaverse and blockchain space? It just might be and it would not be that surprising given the investments and funds targeting crypto and its ecosystem in the region.

The MENA region is witnessing more and more venture capitalist funds investing in crypto and blockchain entities, with names such as Cypher Capital, OasisX part of CryptoOasis ecosystem, Ghaf Capital, Shorooq Partners and even Investcorp launching funds focused on crypto, and Blockchain.

In addition, UAE artificial intelligence firm G42, which Mubadala is an investor in, launched a $10 billion fund to invest in late-stage technology companies. The fund is targeting a broad spectrum of technologies.

Even Canadian businessman, Kevin O’ Leary, nicknamed “Mr. Wonderful”, an advocate of cryptocurrency recently announced that he is now a UAE citizen because he wants to work freely in a region that has attracted investment by some of crypto’s heaviest hitters, including FTX, Binance and Crypto.com. He also announced the launch of a Web3.0 investment fund called Cipher with the lead investor coming from the UAE.

So we might be reading about Mubadala Capital’s latest investment in crypto, blockchain or both sooner than we think.