The fund will support early-stage venture investments in areas including DeFi, blockchain, real-world asset tokenisation, gaming and the metaverse
tokenisation
Cryptocurrency
EU legislation fallout fuels demand for crypto business expansions to UAE, advisory firms reveal
Digital asset exchanges, NFT marketplaces, utility token issuers, tokenised funds, and payments companies are among the ventures seeking to relocate or expand their operations to the UAE
Blockchain
Dubai developer DAMAC, MANTRA collaborate to tokenise $1bn in real-world assets
The Dubai developer’s assets in the Middle East will be available early this year on the MANTRA chain
Apple Pay
Egypt’s central bank advances digital payments with tokenisation and Apple Pay integration
The launch was coordinated with several banks, mobile payment application providers, and fintech companies to facilitate the integration of both international and local systems
blockchain technology
Dubai digital asset venture Scintilla announces new upgrades to tokenisation engie
Post-acquisition, the company is to offer a comprehensive suite of services, including structuring, issuance, distribution, and listing to drive innovation in tokenizing real-world assets
Blockchain
Lyvely lists utility token on major centralised exchanges
The $LVLY token is now available on Gate, MEXC, and Uniswap, with plans for additional exchange listings in the future
Blockchain
Global intelligent data platform WeFi launches unique ITO ecosystem; Over 1.28mn WFI tokens mined in just 2 days
In addition to mining WFI tokens, they can also use ITO nodes to gain access to new token listings within the WeFi ecosystem
tokenisation
$FAR Token surges 24% following Farcana’s new staking programme
The new staking feature allows users to lock their $FAR tokens and earn a competitive 60% APR, one of the highest incentives among the recent Web3 games
Bitget
Bitget, Foresight Ventures to invest $30mn in TON blockchain to spur growth of Telegram-based projects
This investment will be allocated through the acquisition of TON tokens, and is expected to further accelerate the adoption of Tap-to-Earn, GameFi, and new emerging trends within the TON ecosystem
Blockchain
Credit intelligence platform Synnax unveils new Tap2Earn Telegram mini app
The newly launched mini app allows users to earn points by answering engaging questions
Cypher Capital
Lyvely secures investment from global crypto exchange M2
Lyvely’s native utility token, built on the Base network, is set for public listing in Q4 2024
Cypher Capital
Lyvely announces $3mn token airdrop campaign for SocialFi platform
The campaign will distribute 20,000,000 LVLY tokens, with each token valued at $0.15 at the token generation event (TGE) planned for Q4 2024, Lyvely said in a statement on Tuesday
Dubai
Revealed: Tokenisation to spur next growth phase of Dubai’s real estate sector
The rise of tokenisation and blockchain technology in Dubai – and larger UAE – is also boosting fractional ownership of real estate assets, even encompassing various high-value assets such as vacation homes
Blockchain
DeFi yield infrastructure venture Zoth with UAE operations raises $4mn funding
The company’s latest funding round attracted prominent investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital and Foundership Ventures
Bitget
Global crypto exchange Bitget launches futures trading for its first native token BGB
To celebrate the launch of the first BGB perpetual futures, Bitget will host a series of competitions to give away 20,000 BGB to its users
Blockchain
Blockchain network HAQQ reveals plans for gold-backed stablecoin, tokenised sukuk to boost Islamic interbank market
The move comes close on the heels of the UAE central bank approving issuance of stablecoin regulation
Funding
MANTRA announces $11m funding round led by Shorooq Partners
MANTRA has announced an $11m cash injection led by Shorooq Partners