October 4, 2022

Dubai Week

Complete Dubai News World

Investcorp launches Abu Dhabi's first Blockchain Investment Fund

Investcorp launches Abu Dhabi’s first Blockchain Investment Fund

InvestCorp, a global provider of alternative investments, has announced the launch of its first blockchain investment fund, the Abu Dhabi Ilidian Lion.

The fund, which is managed by Invest Corp’s office in Abu Dhabi, will focus on companies leading the way in digital growth, according to Invest Corp.

The fund will help investors benefit from the rapid development of blockchain technology, which is at the forefront of digital transformation in the global economy. And data analysis.

Hazem Bin Qassem, Co-CEO of Investcorp, said that providing customers with innovative and bold investment ideas through the company’s careful and successful approach has been a key component of our success over the past four decades.

“We have a long track record of investing in technology and will use our experience and our global access as a company to influence this fast-growing industry,” he added.

For his part, Gilbert Komenitsky, investment leader in technology private companies, said: “We believe that (blockchain) technology and the business environment around it will transform every aspect of our economy, just as the Internet did in the first decade. 21st century.”

He continued, “We have already seen blockchain becoming an integral part of the market and creating new markets,” he said, noting that the new fund will support creative entrepreneurs around the world. This will be the digital economy of the future.

According to InvestCorp, the fund is independent and complements InvestCorp Technology Partners, the strategic investment arm of InvestCorp, which focuses on technology opportunities in the medium market.

Follow our latest local and sports news and the latest political and economic developments via Google News



See also  Most Gulf stock markets rose in trading on the last Tuesday of 2021