Dubai’s SEED Group selects INVAO to advance UAE’s blockchain strategy
Wed, 06 Feb 2019, 06:32 am UTC
Dubai’s SEED Group, an association of diversified companies owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has selected INVAO, the blockchain asset pool for investors, as the exclusive international partner for blockchain investments.
The Private Office, established by Sheikh Saeed bin Ahmed Al Maktoum, directly invests in businesses which bring advanced and innovative solutions to the UAE. It selects one leading company to partner with per industry, including technology, healthcare, hospitality, real estate, and in this case, investments.
Founded in 2018, INVAO trades a diversified portfolio of blockchain assets and cryptocurrencies, represented in only one single token. It leverages automated trading and expert crypto portfolio management to provide a straightforward way to invest in blockchain and digital money as an asset class, without lockup periods.
As an exclusive international partner, INVAO will play a key role in the implementation of the Emirates Blockchain Strategy 2021. Through its blockchain asset pool, UAE and global investors would be able to access a diversified portfolio of blockchain assets and digital currencies.
Commenting on the collaboration, Frank Wagner, CEO and Co‑founder of INVAO, said:
“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.”
Hisham Al Gurg, CEO of SEED Group, said that the partnership with INVAO will help drive the transformation 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,” he said.
“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.”
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