Dubai has marked a pivotal milestone in the realm of finance with the approval of its first tokenized money market fund. This groundbreaking advancement exemplifies the emirate’s commitment to fostering innovation and enhancing the liquidity of real-world assets.
BYDFi has partnered with Ledger to unveil a limited edition hardware wallet, featuring enhanced security for cryptocurrency users. The launch will take place at TOKEN2049 in Dubai, showcasing innovations in digital asset safety and custody solutions.
Moonacy Protocol is set to sponsor and actively participate in Blockchain Life 2025, taking place in Dubai. The event serves as a strategic platform for blockchain enthusiasts and innovators to connect, showcasing the latest advancements in the industry.
Emirates NBD, a government-owned bank in Dubai, has expanded its services by offering crypto trading through the Liv X app. This initiative is part of the bank’s strategy to embrace digital assets and enhance customer engagement in the evolving financial landscape.
Dubai’s Virtual Assets Regulatory Authority (VARA) has struck the right balance by giving crypto firms 12 months to obtain a license in the emirate, a senior official has said. VARA CEO Helal Al Marri said the grace period will give firms enough time to comply with the new regulations without rushing into things. “We want to make sure that companies have enough time to get their affairs in order and that they are fully compliant with the regulations,” he said. The 12-month grace period is a welcome move that will help companies navigate the new regulatory landscape, said industry experts.
**World Blockchain Summit: A Catalyst for Innovation and Collaboration in Dubai**
Step into the vibrant heart of Dubai, where the World Blockchain Summit ignited a revolution in the realm of technology. Industry titans converged to unveil the transformative power of blockchain, showcasing cutting-edge innovations, emerging trends, and extraordinary use cases.
Renowned visionaries painted a vivid picture of blockchain’s future, highlighting its potential to reshape industries, streamline processes, and unlock unprecedented frontiers of innovation. Thought-provoking sessions, engaging panel discussions, and exclusive networking opportunities immersed attendees in the transformative potential of blockchain.
Witness the birth of strategic partnerships that will shape the destiny of this groundbreaking technology. The World Blockchain Summit in Dubai was a catalyst for pioneering insights and collaborations, propelling the industry towards a future of boundless possibilities
The highly anticipated Art Gallery in Dubai is set to open its doors to introduce renowned artists to the new world of Non-Fungible Tokens (NFTs) and its underlying Web3 technology. Artists and collectors are invited to explore the interactive exhibition to gain an understanding of the up-and-coming digital art economy.
Dubai-based asset management firm JPEX has announced it is winding down operations, citing failed partnerships as a key factor in its closure. The move comes as a surprise to many within the industry, with the company’s short but meteoric rise now having come to an end.
FTX Trading Solutions LLC, a Dubai-based affiliate of the trading technology provider FTX, asked a U.S. court to exclude it from liquidation proceedings concerning two Cayman Islands-based affiliates.
Bitget, a blockchain technology provider and crypto exchange, has officially launched operations in Dubai. The company plans to use the new office as a base for expanding throughout the Middle East.