Dubai's Seed Group, owned by the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has selected INVAO as its exclusive international partner for blockchain investments.
The deal will give Seed, a group of companies owned by the Dubai Royal, access to INVAO's investment portfolio of blockchain assets and digital currencies.
The agreement will give INVAO a key role in the implementation of the Emirates Blockchain Strategy 2021, the company said.
Frank Wagner, CEO and Co‑founder of INVAO, said: "It is with great excitement that we announce the launch of this landmark partnership. 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."
Through INVAO's blockchain asset pool, UAE and global investors can access a diversified portfolio of blockchain assets and digital currencies. Leveraging automated trading and expert crypto portfolio management, INVAO provides a straightforward way to invest in blockchain and digital money as an asset class, without lockup periods.
Hisham Al Gurg, CEO of Seed Group, said: "We have selected INVAO as our international partner for blockchain investments as we believe that it will increase the transformation drive 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. 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."
Wagner added: "With this joint venture, INVAO will become one of the main drivers behind the Emirates Blockchain Strategy 2021. INVAO and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum share the common goal of seeing the UAE becoming a leader in the global blockchain ecosystem. We are excited to invest more into the region through the opening of our office in Dubai, and we are committed to bringing with us new investment options for institutional and retail investors alike."