Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»IOTA Announces USD 100 Million Ecosystem DLT Foundation in UAE
TRADING NEWS

IOTA Announces USD 100 Million Ecosystem DLT Foundation in UAE

By Crypto FlexsNovember 30, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
IOTA Announces USD 100 Million Ecosystem DLT Foundation in UAE
Share
Facebook Twitter LinkedIn Pinterest Email
  • IOTA continues its strategic expansion through the UAE’s first DLT Foundation.
  • The IOTA Foundation will allocate $100 million to this initiative.
  • After this news came out, IOTA price rose 50% at the time of writing.

IOTA’s strategic expansion has reached another milestone with the registration of the first DLT Foundation in the United Arab Emirates (UAE).

The IOTA Foundation first announced its plans last September, highlighting its registration with Abu Dhabi Global as a step to support IOTA’s expansion in the Middle East and North Africa (MENA) region. This news comes as the price of IOTA surges more than 50%, rising above $0.26.

The IOTA Foundation allocates $100 million to the initiative.

As of today presentation, an investment of over $100 million has been allocated to the DLT Foundation, with the funding being made in IOTA tokens. These mandates will be granted over the next four years as the Foundation works to foster innovation and adoption of the IOTA protocol.

The IOTA Foundation said the funds will also be used for community-driven projects and regulatory synergies. Among the plans that will receive greater attention are those targeting IOTA and IOTA’s staging network, Shimmer.

Dominik Schiener, co-founder of IOTA, spoke about what it means for IOTA to work in line with regulatory developments:

“ADGM’s support of the IOTA Foundation and partnership with the UAE authorities goes beyond global expansion. This opens a new era of regulatory synergy in the cryptocurrency market. We want to take the right steps towards digital autonomy for everyone. This means ensuring that diverse communities play an active role in shaping the foundation’s technology and governance.”

The partnership between IOTA and ADGM comes as the UAE becomes an increasingly important international cryptocurrency destination. As a leading financial centre, the country has attracted several blockchain and cryptocurrency-related companies.

Today, stablecoin issuer Paxos announced that it has received two in-principle approvals from the Financial Services Regulatory Authority (FSRA). The company will now issue stablecoins and provide brokerage and custody services on ADGM.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

Six high upside encryption coins of less than $ 20 are seen in 2025.

July 5, 2025

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025
Add A Comment

Comments are closed.

Recent Posts

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025
Most Popular

Aethir Powered by Qualcomm Unveils Game-Changing Aethir Edge Device, Opening the Future of Distributed Edge Computing

April 20, 2024

Why venture capitalists are hesitant to invest in Meme Coin

May 8, 2024

SHIB’s cat-themed counterpart MEW obtains Kraken listing

October 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.