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Private Office of UAE Sheikh Launches $100M Blockchain Investment Fund
The office said it will work closely with companies and regulatory bodies to find investment opportunities in the blockchain sector.
By Tanzeel Akhtar
Oct 11, 2021 at 12:29 p.m. EDT
Updated Oct 11, 2021 at 3:43 p.m. EDT

The Private Office of His Highness Sheikh Hamdan bin Ahmed Al Maktoum of the United Arab Emirates (UAE) has launched a $100 million Blockchain Investment Fund in a push to meet the region’s goal to put 50% of government transactions on the blockchain by the end of the year.

* The private office of Sheikh Hamdan bin Ahmed Al Maktoum is behind
the launch of the fund, which will work with ECN Launchpad platform
investing in blockchain-based projects.

* Since 2016, the Dubai government has said that it wants all
government documents secured on a blockchain, and it has launched a
number of pro blockchain projects.

* The office said it will work closely with companies and regulatory
bodies to find investment opportunities in the blockchain sector.

* “This is a key milestone, we hope that through our knowledge and
capital, we can bring great talent and technology to the region
through Dubai. ECN is an important platform that can multiply the
impact of our reach,” said Ahmad Aljariri, CEO of the private
office, in a press release.

CORRECTION (Oct. 11, 19:00 UTC): Corrects the title of Sheikh Hamdan bin Ahmed Al Maktoum.

UPDATE (Oct 11, 19:41 UTC): Corrects headline to say fund was set up by Sheikh Hamdan bin Ahmed Al Maktoum’s personal office, not a family office.

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https://www.coindesk.com/business/2021/10/11/private-office-of-uae-sheikh-launches-100m-blockchain-investment-fund/