Dubai’s SEED Group, an association of diversified firms owned by The Private Office of Sheikh bin Ahmed Al Maktoum, has selected INVAO, the blockchain asset pool for investors, as the exclusive international partner for blockchain investments, according to a press release CoinReport received from Wachsman, INVAO’s PR firm.
Following the selection, the blockchain asset pool for investors is set to play a crucial part in the implementation of the Emirates Blockchain Strategy 2021.
The Private Office directly funds firms that bring cutting-edge, groundbreaking solutions to the United Arab Emirates (UAE), partnering with one leading firm per industry, including real estate, healthcare, technology, hospitality, and in this case, investments.
INVAO co-founder and CEO Frank Wagner said in the news release we received, “It is with great excitement that we announce the launch of this landmark partnership. This represents a seal of approval from an association of elite business minds across the UAE. At INVAO, we have the extensive experience, tact, and resources to contribute to the ascent of the UAE as a bonafide world leader in blockchain technology and look forward to helping this vision to crystallise. INVAO’s recent activity across the Middle East has shone a light on the region’s fertile ground for sustained growth and innovation.”
Global as well as UAE investors can access a varied portfolio of blockchain assets and cryptocurrencies via INVAO’s blockchain asset pool. The firm, by leveraging automated trading and expert crypto portfolio management, offers a way to invest in blockchain and digital money as an asset class without lockup periods. Last year, the company started an investor roadshow across the Middle East, hosting events in Saudi Arabia, Kuwait and Dubai.
SEED Group CEO Hisham Al Gurg said, “We have selected INVAO as our international partner for blockchain investments as we believe that it will increase the transformation drive for the digital asset landscape in the UAE whilst offering an enhanced standard and improved market access for investors in the region. While the vision is to invest in blockchain, the partnership takes an inclusive approach to integrate and monitor the global market trend to take part in this global upsurge and overcome financial, cultural and regulatory differences. On account of this significant rise from the UAE, the Middle East is now ready to become a global leader in blockchain technology. By tapping into the vast experience of the INVAO team we will greatly advance this mission.”
Wagner added, “With this joint venture, INVAO will become one of the main drivers behind the Emirates Blockchain Strategy 2021. INVAO and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum share the common goal of seeing the UAE becoming a leader in the global blockchain ecosystem. We are excited to invest more into the region through the opening of our office in Dubai, and we are committed to bringing with us new investment options for institutional and retail investors alike.”