IOTA Establishes Regulated Entity in Abu Dhabi to Spearhead Global Digital Asset Ecosystem Development
Abu Dhabi, November 30, 2023 – IOTA, a leading blockchain protocol, has achieved a significant milestone by becoming the first regulated and compliant entity to lead the development of a global digital asset ecosystem under the Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE).
The newly established entity, funded with a substantial $100 million from the IOTA token treasury, will play a pivotal role in advancing the growth of IOTA across the Middle East and North Africa (MENA) region, Africa, and Asia. In entering the UAE market, IOTA is strategically focusing on trade and logistics, trade finance, and institutional investors.
Read Also: Terra Classic (LUNC) Witnesses Soaring Prices: Unraveling the Surge and Future Prospects
Facts about the IOTA Foundation
The IOTA F...