Posted 11/29/2023, 1:24:27 PM
Iota Launches $100M Abu Dhabi Foundation to Drive Middle East Blockchain Growth
- Iota launched a $100M foundation based in Abu Dhabi to focus on Middle East expansion
- The foundation aims to accelerate growth of Iota's DLT and convert assets into digital ones
- UAE wants to be a leading blockchain jurisdiction and is approving related organizations
- Iota foundation is among the first approved under new ADGM regulations for DLT foundations
- Regulations provide structure for DLT foundations and DAOs to legally operate in Abu Dhabi