Stratez Capital and Newtek to develop tokenized commodity trading on the Blockchain

Stratez Capital and Newtek to develop tokenized commodity trading on the Blockchain

Singaporean, Stratez Capital with offices in UAE, a boutique firm that focuses on assisting enterprises who are planning to elevate to the next phase of growth, has partnered with NewTek Holdings to develop tokenized commodity trading and real-estate projects on the Blockchain.

As per the press release, the Middle East has been identified by NewTek as a priority market, and the company is initially looking to focus on major real estate projects in Dubai.  “This is an exciting partnership, and in line with the investment and strategy objectives of the company, and we feel we can add huge value with our expertise and investments. NewTek brings real asset value and a clear vision in one of the fastest growing areas where real world assets combine with future Web3 and blockchain technology,” said Vik Pillai, Managing Partner at Singapore-based Stratez, announcing the agreement today.

Qurashi, CEO of London-based NewTek, said: “I’ve been very impressed by the depth and variety that Stratez brings to this new partnership, and am thrilled to be working with them. NewTek sets out to integrate the technology behind blockchain, NFTs and Web3 into the world of real estate and commodity trading. We have clear objectives, and I’m confident that Stratez can play a key role in turning our vision into reality.”

NewTek is a newly-formed company set up by Safi Qurashi, a serial entrepreneur and property developer. Over the last 25 years, Qurashi has founded several successful startups, including one of the first internet cafes in London in 1996 and a successful real estate company in Dubai. Other ventures included an armoured vehicle manufacturing company and a facility management firm in the UAE. Qurashi is the co-owner of Great Britain Island in Dubai’s World Islands project.

Qurashi added, “This partnership connects us with some very impressive Stratez partners, and I’m looking forward to the opportunity to work with world-renowned luxury brands. We’ll be announcing more details about the new venture in the coming weeks. But basically we’re working to allow the fractionalization of exclusivity within the two safest real life asset classes, real estate and commodities.”

As per his linkedIn, Newtek is working on tokenizing commodities making them accessing to all. Nire is on of the first ventures of Newtek and now live and trading.

Saudi Nuqtah NFT Marketplace partners with Ethereum Consensys

Saudi Nuqtah NFT Marketplace partners with Ethereum Consensys

KSA NuqtahNFT marketplace  has partnered with Consensys, an Ethereum blockchain company.

The agreement aims to transfer the knowledge and expertise of Consensys to empower Web 3 startups in Saudi Arabia in line with Nuqtah’s goal of accelerating Web 3 adoption, and in clear alignment with the Kingdom’s vision to become a hub for technology.

According to ConsenSys Partnership Lead Ian Wallis: “With Nuqtah’s existing Infura and Ethereum infrastructure, the potential in the Saudi market is huge and we are very excited to be launching this strategic partnership with NuqtahNFT, Saudi’s leading NFT marketplace to provide even more functionality and empowerment of creatives in the MENA region.”

Salwa Radawi, CEO of Nuqtah, commented: “Our mission is to spearhead the adoption of Web 3 in MENA, by tirelessly developing and enabling a complete and robust infrastructure, tailored specifically to the MENA region originators.”

Salwa also added: “This partnership is only the beginning of our opening. It not only opens a great deal of opportunities for us and fellow Web 3 startups within the industry but also ensures that we are able to transfer this knowledge and localize it for the region.”

Last week Nuqtah NFT Marketplace announced it would be raising 5 million USD in seed capital.

UAE ZelaaPayAE to introduce crypto payment credential with VisaNet

UAE ZelaaPayAE to introduce crypto payment credential with VisaNet

UAE based ZelaaPayAE, with headquarters in Sharjah Tech Park and offices in Dubai, which works to integrate fiat and crypto payments utilizing Polygon Blockchain infrastructure, has now joined Visa’s Fintech Fast Track program for a period of five years, to speed up the process of integrating with visa while introducing crypto backed payment credential in the UAE and wider CEMEA region.

As per ZelaaPayAE twitter post, “In this 5-year long partnership with Visa, we are focused on growing across United Arab Emirates and KSA region. ZelaaPayAE shall continue to identify and develop payment products such as collateralized spending and more throughout the span of this collaboration.”

They add, “This accolade now enables us as a fintech provider to enable crypto-transactions using physical debit cards easier and accessible with over 70 million merchants that comprise Visa’s vast ecosystem. It will also allow us to innovate further and surf beyond just debit cards.”

“I have dreamt of making ZelaaPayAE a pioneering fintech startup in the UAE and one of the first movers towards providing alternative financial solutions to the end consumer in this region. By joining Visa’s Fast Track program, this will now be possible and our demographic reach will be limitless as we strive to push for adoption and further utility of payments through cryptocurrencies,” said Sahil Arora, CEO & Founder of ZelaaPayAE.

Alex McCrea, VP, Head of Strategic Partnerships and Ventures for Central and Eastern Europe, Middle East and Africa, Visa, said: ““We’re delighted to welcome ZelaaPayAE to Visa’s Fintech Fast Track program and excited to work with them on the enablement of secure and seamless crypto payments in the UAE. We have no doubt the team at ZelaaPayAE will leverage access to the experts, technology and resources that the program allows to scale with efficiency and expand access to crypto payments.”

Recently ZelaaPay announced that that Cagau store in Dubai are now accepting cryptocurrencies at their store using Bitcoin, USDT, BNB, TRX through ZelaaPay’s XPOS powered by PundixLabs.  

ZelaaPay partnered with Lead Ventures in the UAE.

UAE Midchains has also partnered recently with Visa Fast track to offer the same services as ZelaayPay’s partnership with Visa.