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IOTA Surges Ahead in Government Adoption: Showcases RWAs at UAE Ministry Event

  • IOTA will be among the official strategic partners of the AIM Congress, the Middle East’s largest investment conference, which will be held in Abu Dhabi next week.
  • The tokenisation of real-world assets will take centre stage, with Dominik Schiener expected to present the IOTA Foundation’s Tokenization Framework as an industry leader.

The Middle East has become one of the world’s leading investment destinations, with the region diversifying from its traditional oil business into venture capital, emerging tech such as AI and blockchain, and more. On May 7th, global decision-makers will congregate in Abu Dhabi for one of the world’s largest investment conferences, and IOTA is among the strategic partners.

AIM Congress will kick off on May 7th at the Abu Dhabi National Exhibition Centre. Over the next three days, keynote speakers will discuss the latest technology, investment trends, the digital economy, regulations, foreign direct investment and more. The event is expected to record over 10,000 attendees and 650+ speakers from 175 countries.

The IOTA Foundation is one of the event’s official strategic partners of AIM Congress. One of the perks will be an official booth at the event where enthusiasts can learn about the latest innovations in the IOTA ecosystem, including its venture with Trademark Africa, supply chain solutions with the Virtual Watch Tower, digital identity solutions and more.

[ICYMI] IOTA is an Official Strategic Partner of @AIM_Congress in Abu Dhabi 🇦🇪 May 7-9! Come by our booth and explore innovations in #RWA tokenization with us & our partners.

And don’t miss our other side events⬇️https://t.co/COo2uS6RSA

— IOTA (@iota) May 3, 2024

As a prelude to the event, IOTA founder Dominik Schiener will hold a pre-conference workshop during which he will dive into tokenisation and Web3 on Monday, May 6th.

IOTA Takes RWA Tokenization to the Middle East

In a blog post announcing the partnership, the Foundation revealed that it was proud to be associated with the Congress. The event is divided into ten tracks, each focusing on a different topic, from investment destinations and innovation to international partners and SMEs.

IOTA will be at the Future of Finance track, where “we’re looking forward to presenting IOTA as a leading real-world asset (RWA) tokenisation ecosystem.” The Foundation added:

IOTA’s Tokenization Framework enables any asset to be tokenized and made fully programmable according to strict legal and compliance requirements. It ensures that tokenized assets are fully secure and can be seamlessly transferred.

Dom will participate in a panel that will discuss the new era of trust in the financial services world. He will share the stage with Etihad Credit Insurance head Raja Al Mazrouei and Renat Bekturov, the governor of the Astana International Financial Centre in Kazakhstan.

Looks like $IOTA is REALLY achieving government adoption in Abu Dhabi!

In Q4 2023 we saw IOTA expand their foundation into Abu Dhabi via a partnership with their Global Markets Authority.

Then earlier this year we also saw them collaborate with Trademark Africa for tokenized… pic.twitter.com/zXO7R2SMmS

— 🥖Tokenicer✲⥃⬢ (@Tokenicer) May 3, 2024

At the IOTA Booth, visitors will learn about TLIP, the IOTA-based technology that digitises and tokenises trade documents. IOTA’s commitment to compliance will be on show with Tokeny, the network’s compliance infrastructure for digital asset stakeholders.

Nakama Labs, a startup based locally in Abu Dhabi, will showcase Realise, its new tokenisation platform built on IOTA.

Meanwhile, IOTA changes hands at $0.2267, trading sideways in the past day amid a 30% dip in trading volume to $10.5 million.

SOURCE

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