Canadian, Spirit Blockchain Capital, an entity operating in the Blockchain and Digital Asset sectors with the primary goal of creating value in a rapidly growing environment through recurring cash flows and capital appreciation and UAE based Masary Capital, consulting platform for blockchain and metaverse, sign MOU to partner to bring DeFi, Web3, and crypto asset management services in UAE.
Masary Capital will allow Spirit Blockchain to provide an optimal environment for global Blockchain enterprises and growth for Spirit’s shareholders. Under the strategic partnership agreement, Spirit will leverage its relationship with Masary Capital to grow its presence in the Middle East and it will use Masary Capital as the advisory provider with respect to any potential growth within the region.
In addition, Spirit will support Masary Capital’s Dubai Blockchain and Metaverse Strategy by providing assistance for important Web3 infrastructure projects, including public blockchain, scaling solutions and decentralized applications such as DeFi and GameFi. As part of the partnership, Spirit will establish an office in Dubai.
Khalil Abdulla, Chief Executive Officer of Masary Capital, expressed his excitement about Spirit Blockchain Capital being its Swiss-Canadian based public company partner commenting: “We are thrilled to work with Spirit Blockchain. We strive to work with companies that intend to contribute to the region’s immense ecosystem. We know that having a local partnership is the only way to create significant inroads and allocate capital appropriately.”
Spirit and Masary shall become the preeminent strategic partnership for Decentralized Finance, Web3 and asset management companies in MENA.
Lewis Bateman, CEO of Spirit Blockchain said “This relationship exemplifies strategic opportunities in the Digital Assets and Blockchain space and the commitment that Spirit Blockchain Capital is able to provide. We couldn’t get to where we want to go without Masary as a key local partner,”. “Masary is the best partner in the region and the partnership will be the foundation of great opportunities and growth for both companies. This is only the beginning and soon we intend to list on the Nasdaq Dubai.”