IOTA Foundation launches $10 million investment fund at Investopia 2024

Abdulla Bin Touq Al Marri, the Minister of Economy and Chairman of Investopia, attended the unveiling of a new investment fund valued at $10 million by the IOTA Ecosystem DLT Foundation during Investopia 2024.

The fund’s primary goal is to promote the development of TradeTech solutions and support the expansion of startups and venture projects based on digital technology initiatives and the tokenisation of tangible assets.

The announcement aligns with Investopia’s vision to inspire entrepreneurs to expand into new economic sectors by offering the necessary tools and opportunities to foster the growth and prosperity of their innovative projects.

The fund, introduced in partnership with TLIP, a specialised digital platform for trade data storage and exchange, aims to enhance the trade technology landscape and foster a more interconnected, efficient, and accessible global trade system. Additionally, it seeks to offer trade financing solutions to businesses and governments. This initiative aligns with the United Arab Emirates’ commitment to advancing technologies applied in global trade with the support of Investopia. The main focus will be on supporting UAE-based startups across Africa.

These investments are a step forward to redefining the digital trade and finance landscape. By fostering a supportive ecosystem for technological innovation, IOTA will have the opportunity to unlock new possibilities and opportunities for seamless and efficient global trade, benefiting societies and economies around the globe.

Investopia 2024 played a crucial role in facilitating the launch of the new investment fund, offering an ideal platform to showcase IOTA’s innovative solutions to the global community of investors and decision-makers. Additionally, it enabled the Foundation to establish effective communication with partners.

The announcement aligns with the UAE’s commitment to enhancing its trade technology and digital solutions, solidifying its position as a global hub for technology and innovation. The UAE is a leading trade hub that plays an active role in reshaping global trade mechanisms by leveraging state-of-the-art solutions and advanced technologies. These endeavours align with the “We the UAE 2031” vision to become the international capital of the new economy over the next decade.

IOTA, registered with the Abu Dhabi Global Market, is focused on developing the next generation of decentralised governance technologies. They aim to build a new digital economy by redesigning how people and devices connect and exchange information and value. The Foundation leverages cutting-edge technologies such as blockchain, digital currencies, distributed data technology, the Internet of Things (IoT), and other modern financial technology applications. Through collaboration with a global network and partners, IOTA aims to make a sustainable impact by researching and developing technological advancements.

Investopia 2024, held in Abu Dhabi for two days at the end of February, brought together top investors, businesses, economy leaders, experts, and entrepreneurs. The event fostered an environment conducive to networking, collaboration, and identifying potential joint investment opportunities. Over 2,500 participants attended, including more than 90 speakers who discussed various crucial investment themes and the new economy, including digital economy, tourism, innovation, sports technology, modern financial technologies, healthcare, green economy, and venture capital investments.

Meanwhile, the third edition of Investopia (Investopia 2024), held over the course of two days, 28 and 29 February in Abu Dhabi, ended on a high note after laying out a new investment roadmap, particularly for those in the new economic sectors, for the business communities, decision-makers, investors and global financial institutions. The latest edition of the event discussed key themes surrounding sustainable economic development and contributed to strengthening dialogue between the government and private sectors to find solutions to the current global economic challenges. The fourth edition of Investopia will take place in 26 and 27 February 2025.

The speakers and panelists at Investopia 2024 highlighted the importance of exploiting capital flows in emerging industries in promising markets, and directing global investment flows to human capital, infrastructure sector, fintech, clean energy, circular and creative economies and health sector and AI. The acceleration of economic diversification and the development of legislation and policies that support the flexibility and competitiveness of economies around the world also formed part of discussions.

The third edition of Investopia hosted more than 40 panel discussions and roundtables bringing together leaders, ministers, decision-makers, major investors, entrepreneurs and economists to contribute to shaping the future of the global investment landscape. More than 80 speakers addressed over 2,700 participants from different corners of the world, engaging them on investment trends, opportunities and challenges in future economy sectors.

Furthermore, Investopia signed more than 15 agreements and MoUs with national and global institutions and companies with the aim of exchanging experiences and best practices in innovative and creative fields and enhancing cooperation for Investopia 2025.

Another highlight was the launch of the second edition of the Future 100 initiative, a joint initiative by the Ministry of Economy and the Government Development and the Future Office, to foster businesses operating in the future economy sectors. Investopia 2024 offered the Future 100 participants an ideal platform to connect with global investors and learn about latest investment trends.

WAM