IOTA Launches $100 Million Abu Dhabi Foundation to Drive Mideast Growth Amid Crypto Market Reshuffling
• IOTA launches $100 million entity in Abu Dhabi to create digital network and tokenize assets • New foundation approved by regulators of Abu Dhabi Global Market, will be seeded with IOTA tokens • Aims to accelerate growth of IOTA's distributed ledger technology in Middle East • Comes amid crypto market reshuffling after collapses of FTX, Binance fall • IOTA has existing blockchain projects with European authorities but faces regulatory uncertainty there