IOTA Foundation launches $10M fund for TradeTech startups at UAE's Investopia
What's the deal? The IOTA Ecosystem DLT FoundationDealroom has a profile for this one. Try Dealroom → is launching a $10 million venture fund to back startups building digital trade and asset tokenisation tools. The IOTA TradeTech fundDealroom has a profile for this one. Try Dealroom → was announced by Abdulla Bin Touq Al Marri at Investopia 2024 in Abu Dhabi.
What's the endgame? The fund targets startups and venture projects focused on digital technology and asset tokenisation. Beyond capital, it offers mentorship, technical assistance, and access to a network of industry experts.
Why now? The launch ties into the "We the UAE 2031" vision of becoming the international capital of the new economy. The announcement came at Investopia 2024, a two-day event that drew more than 2,500 participants and over 90 speakers on topics from the digital economy to green finance.
Who's involved? The Foundation is partnering with TLIPDealroom has a profile for this one. Try Dealroom →, a platform that stores and exchanges trade data, to build a more interconnected trade environment. It also plans to offer financing to businesses and governments, with a focus on UAE-based startups expanding into Africa.
The signal: Registered with the Abu Dhabi Global Market, the Foundation is betting that blockchain, digital currencies, distributed data, and IoT can cut transaction costs and improve supply-chain traceability. For firms that struggle to secure cross-border credit, the fund could lower barriers, speed up payments, and widen participation in international trade.
Read more: accent-soc.com
Image credit: John D Fielding
