Future

Hedera

AI Technology

The Hashgraph Association (THA), a Swiss-based organization working for digital enablement and within the Hedera network today, has partnered with Qatar-regulated Blade Labs, a financial technology company focused on applying distributed ledger-based technology (DLT) to traditional financial products and services.
Also Read: <a href="https://www.cryptopolitan.com/qatar-launches-cbdc-project-using-dlt-and-ai/" rel="noopener noreferrer nofollow">Qatar Launches Its CBDC Project Using DLT and AI Technology</a>
Blade Labs will use its DLT technology to reduce the cost of providing financial services to the masses in the MENA region. The company is currently focused on providing non-custodial fintech APIs that distribute tokenized funds across multiple jurisdictions in a compliant and user-friendly manner.
<h2 class="wp-block-heading" id="span-style-font-weight-400-blade-labs-tokenizes-funds-span">Blade Labs tokenizes funds</h2>
Tokenizing funds built on DLT enhances liquidity with real-time settlement, reduces operational costs, and improves collateral management by allowing these funds to be used as collateral across various platforms. These benefits make tokenized funds an attractive option for both traditional and digital-native investors, offering better returns, capital efficiency, and advanced risk management.
Also Read: <a href="https://www.cryptopolitan.com/the-hashgraph-association-partners-with-the-qfc-to-launch-a-50-million-digital-assets-venture-studio-in-qatar/" rel="noopener noreferrer nofollow">The Hashgraph Association Partners with the QFC to launch a $50 million Digital Assets Venture Studio in Qatar</a>
The partnership comes at the heels of two major government-backed Venture Studio initiatives being undertaken by The Hashgraph Association in the region; together, these co-investment ventures are valued at $300 million over the next 5-years.
As part of the collaboration, <a class="editor-rtfLink" href="https://bladelabs.io/" target="_blank" rel="noopener noreferrer nofollow">Blade Labs</a> will provide a conventional and Shariah-compliant Digital Securities Platform to support these investments. The strategic investment and partnership address the growing need for digital transformation solutions required by enterprises to participate effectively in the digital economy.
<a class="editor-rtfLink" href="https://ch.linkedin.com/in/kyoussefi" target="_blank" rel="noopener noreferrer nofollow">Kamal Youssefi</a>, President of The Hashgraph Association, said, 
<blockquote>
 “. . .Our strategic investment in Blade Labs, which provides innovative fintech solutions in the region, is testimony to our commitment to empowering enterprises with Web3-compliant solutions.”
</blockquote>
<h2 class="wp-block-heading" id="span-style-font-weight-400-blade-labs-is-regulated-in-qatar-s-digital-asset-lab-span">Blade Labs is regulated in Qatar’s Digital Asset Lab</h2>
Blade Labs has already secured a fintech license within the Qatar Financial Center and has been admitted to its prestigious Digital Asset Lab. To further accelerate the adoption of digital assets within the region, Blade Labs is registering for a Financial Services Regulatory Association (FSRA) license in the Abu Dhabi Global Market (ADGM).
<blockquote>
 “. . .The Hashgraph Association’s deep multi-level relationship will enable us to integrate our cutting-edge digital asset solutions with more businesses in the Middle East and beyond . . .” said <a class="editor-rtfLink" href="https://qa.linkedin.com/in/samimian" target="_blank" rel="noopener noreferrer nofollow">Sami Mian</a>, CEO of Blade Labs.
</blockquote>
The Hashgraph Association has been at the forefront of key ventures in the Middle East and GCC (Gulf Cooperation Council) region. The first investment in Saudi Arabia has already commenced this year to build a $250 million DeepTech Venture Studio in Riyadh, in close partnership with the Ministry of Investment Saudi Arabia (MISA).
Also Read: <a href="https://www.cryptopolitan.com/finnovex-qatar-2024-to-spearhead-the-financial-revolution-fintech-ai-cybersecurity-sustainability-data-driven-transformation-and-the-future-of-payments/" rel="noopener noreferrer nofollow">FINNOVEX Qatar 2024 to Spearhead the Financial Revolution: Fintech, AI, Cybersecurity, Sustainability, Data-Driven Transformation, and the Future of Payments</a>
The second investment in Qatar aims to build a $50 million Digital Assets Venture Studio in Doha in collaboration with Qatar Financial Centre (QFC). Both partnerships are considered long-term and will span over the next five years. With this new partnership, Qatar’s digital assets strategy is expected to flourish further.
Cryptopolitan reporting by Lara Abdul Malak

The Hashgraph Association and Qatar-regulated Blade Labs use DLT to reduce the cost of financial services in MENA

Table of Contents

Cryptopolitan_News

Other articles published on Jun 26, 2024

Bitcoin Whales Accumulate $436 Million in BTC Amid Market Dip

Ordinal Hive and Merlin Chain partners to create the first Ordinal trading protocol

Cardano Founder Breaks Silence on Recent Spam Attack on Network

VanEck Announces Fee Waivers for Spot Ethereum ETF

Notcoin price rising again; PlayDoge could be the next P2E token to pump

Ripple Vs SEC News: Ripple President Clears the Air on Lawsuit and XRP ETF

Join our free newsletter for daily crypto updates!