Abu Dhabi Global Market

Digital Economy Summit 2023 Highlights Innovation and Technology, Supercharging Economic Growth and a Smarter Future

Retrieved on: 
Thursday, April 13, 2023
Cloud, HKCEC, Office of the Government Economist, DES, GBA, Fintech, Microsoft, Government Digital Service, Revolution, Liaison Office, Digital, Panasonic, Society, Mainland Chinese, Convention center, Abu Dhabi Global Market, Innovation, Cyberspace Administration of China, Government, Commerce, SenseTime, Financial Services Regulatory Authority of Ontario, Pony.ai, International business, Property Owned by the Central People's Government in the Hong Kong Special Administrative Region, Food, HKSAR, Systems engineering, Youth Development Commission, HKSAR Government, I&T, Guangdong–Hong Kong–Macao Greater Bay Area, Association of British HealthTech Industries, Pharmacy, Summit, Management, Huawei, Tencent, Data, Cyberport, Arup, Cisco, Mainland, Ali Baba

HONG KONG, April 13, 2023 /PRNewswire/ -- Asia's flagship innovation and technology event, the Digital Economy Summit (DES) 2023, kicked off today at the Hong Kong Convention and Exhibition Centre (HKCEC). Jointly organised by the HKSAR Government and Cyberport, the two-day summit held in hybrid format gathers the world's influential leaders in technology, business, academia and government, to explore the significance of technological innovations in boosting economic growth and accelerating the formation of resilient and futureproof digital societies.

Key Points: 
  • DES 2023 aims to inspire regional and global visions for a better digital future.
  • We are now poised to start a new chapter of digital economy development through our persistent pursuit of I&T advancement.
  • To echo the theme of today's Summit, we must embrace the sweeping changes brought about by the digital revolution, in order to emerge stronger than ever in a smarter future.
  • In the afternoon sessions, experts and attendees took an in-depth look at the application of technology in the digital economy.

Digital Economy Summit 2023 Highlights Innovation and Technology, Supercharging Economic Growth and a Smarter Future

Retrieved on: 
Thursday, April 13, 2023
Cloud, HKCEC, Office of the Government Economist, DES, GBA, Fintech, Microsoft, Government Digital Service, Revolution, Liaison Office, Digital, Panasonic, Society, Mainland Chinese, Convention center, Abu Dhabi Global Market, Innovation, Cyberspace Administration of China, Government, Commerce, SenseTime, Financial Services Regulatory Authority of Ontario, Pony.ai, International business, Property Owned by the Central People's Government in the Hong Kong Special Administrative Region, Food, HKSAR, Systems engineering, Youth Development Commission, HKSAR Government, I&T, Guangdong–Hong Kong–Macao Greater Bay Area, Association of British HealthTech Industries, Pharmacy, Summit, Management, Huawei, Tencent, Data, Cyberport, Arup, Cisco, Mainland, Ali Baba

HONG KONG, April 13, 2023 /PRNewswire/ -- Asia's flagship innovation and technology event, the Digital Economy Summit (DES) 2023, kicked off today at the Hong Kong Convention and Exhibition Centre (HKCEC). Jointly organised by the HKSAR Government and Cyberport, the two-day summit held in hybrid format gathers the world's influential leaders in technology, business, academia and government, to explore the significance of technological innovations in boosting economic growth and accelerating the formation of resilient and futureproof digital societies.

Key Points: 
  • DES 2023 aims to inspire regional and global visions for a better digital future.
  • We are now poised to start a new chapter of digital economy development through our persistent pursuit of I&T advancement.
  • To echo the theme of today's Summit, we must embrace the sweeping changes brought about by the digital revolution, in order to emerge stronger than ever in a smarter future.
  • In the afternoon sessions, experts and attendees took an in-depth look at the application of technology in the digital economy.

Halo Investing Secures Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA)

Retrieved on: 
Wednesday, February 22, 2023
Halo, Financial services, Ecosystem, Abu Dhabi Global Market, Senior, Fintech, Financial Services Regulatory Authority of Ontario, Market, Investment, Growth, FSRA, FSP, Cryptocurrency, Renewable energy

CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Halo Investing, a leading global Fintech headquartered in Chicago, U.S.A., today announced that it has secured its Financial Services Permission (“FSP") from Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA”) effective 19 January 2023.

Key Points: 
  • CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Halo Investing, a leading global Fintech headquartered in Chicago, U.S.A., today announced that it has secured its Financial Services Permission (“FSP") from Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA”) effective 19 January 2023.
  • Halo Investing plans to leverage the ADGM’s status as a leading global innovation hub to conduct regulated activities in the region.
  • The dedicated office and expanded regional presence will help drive the growth of Halo Investing’s international footprint in the protective investing landscape.
  • Jason Barsema, President at Halo Investing, said, “Halo is honored to be a part of the Falcon Economy, making Abu Dhabi our launchpad to create a positive global impact.

Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases

Retrieved on: 
Wednesday, February 22, 2023
Maker, Abu Dhabi Global Market, Life, Strategic planning, Web3, DAO, Blockchain, Ecosystem, Marketing, Partnership, Growth, Launch pad, Cryptocurrency, Venom

Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.

Key Points: 
  • Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.
  • DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the Web3 space.
  • Venom Foundation and DAO Maker will actively incubate new projects through the Venom Launchpad.
  • Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life.

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for January 2023

Retrieved on: 
Thursday, February 2, 2023
Marathon, Risk, Abu Dhabi Global Market, 8-K, Hand, BTC, Annual report, FSI, Cryptocurrency

In prior press releases and earnings calls, Marathon has indicated that the Company intends to sell a portion of its bitcoin holdings to cover operational expenses as production begins to ramp.

Key Points: 
  • In prior press releases and earnings calls, Marathon has indicated that the Company intends to sell a portion of its bitcoin holdings to cover operational expenses as production begins to ramp.
  • With production improving, Marathon opted to sell 1,500 BTC during January 2023.
  • As a result, Marathon holds a total of 11,418 BTC, of which approximately 8,090 BTC (c. $187.2 million) are unrestricted, as of January 31, 2023.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin.

US multi-billion-dollar Aspiration Inc. to Expand to the UAE Capital under Abu Dhabi Investment Office Supported Program

Retrieved on: 
Thursday, January 19, 2023
Abu Dhabi Investment Office, Ecosystem, Los Angeles Clippers, Microsoft, Name, Los Angeles Lakers, Meta, UN, Government, Oaktree Capital Management, Maitrī, Aspiration, Inc., Agtech, Carbon, ABU, Metta Sandiford-Artest, City, Climate, Aspiration, 2009 Boston Red Sox season, Policy, Abu Dhabi Global Market, Multimedia, Investment, Boston Red Sox, Video game, Renewable energy

ABU DHABI, UAE, Jan. 19, 2023 /PRNewswire/ -- California based fintech company Aspiration Inc., backed by such powerhouses as Oaktree Capital Management and affiliates of former Microsoft Corp CEO Steve Balmer and environmentalists and Hollywood icons Leonardo DiCaprio and Robert Downey Jr, announced today that the company will be setting up offices at Abu Dhabi Global Markets. Aspiration is being supported by Access Abu Dhabi, the business expansion program by Maven Global Access and powered by Abu Dhabi Investment Office (ADIO), that serves as a conduit to fast-track entry to the burgeoning UAE capital. The announcement was made today during Abu Dhabi Sustainability Week, where Vinoda Basnayake, President of Aspiration MENA discussed the company's ambitious plans for the region. Aspiration is a purpose-driven climate action company that offers large and small enterprises, governments, investors, and consumers access to a portfolio of high-quality carbon assets through innovative products, services, and investments that drive climate action.

Key Points: 
  • Aspiration is being supported by Access Abu Dhabi, the business expansion program by Maven Global Access and powered by Abu Dhabi Investment Office (ADIO), that serves as a conduit to fast-track entry to the burgeoning UAE capital.
  • Aspiration aims to serve as a sustainability partner for the UAE ahead of Abu Dhabi hosting COP28, the UN's annual climate change summit taking place this November.
  • We are excited about the opportunity to develop partnerships here with the support of Access Abu Dhabi and ADIO."
  • Aspiration Inc. credits its upcoming expansion into Abu Dhabi to the support of the Maven Global Access Abu Dhabi initiative.

US multi-billion-dollar Aspiration Inc. to Expand to the UAE Capital under Abu Dhabi Investment Office Supported Program

Retrieved on: 
Thursday, January 19, 2023
Abu Dhabi Investment Office, Ecosystem, Los Angeles Clippers, Microsoft, Name, Los Angeles Lakers, Meta, UN, Government, Oaktree Capital Management, Maitrī, Aspiration, Inc., Agtech, Carbon, ABU, Metta Sandiford-Artest, City, Climate, Aspiration, 2009 Boston Red Sox season, Policy, Abu Dhabi Global Market, Investment, Boston Red Sox, Video game, Renewable energy

ABU DHABI, UAE, Jan. 19, 2023 /PRNewswire/ -- California based fintech company Aspiration Inc., backed by such powerhouses as Oaktree Capital Management and affiliates of former Microsoft Corp CEO Steve Balmer and environmentalists and Hollywood icons Leonardo DiCaprio and Robert Downey Jr, announced today that the company will be setting up offices at Abu Dhabi Global Markets. Aspiration is being supported by Access Abu Dhabi, the business expansion program by Maven Global Access and powered by Abu Dhabi Investment Office (ADIO), that serves as a conduit to fast-track entry to the burgeoning UAE capital. The announcement was made today during Abu Dhabi Sustainability Week, where Vinoda Basnayake, President of Aspiration MENA discussed the company's ambitious plans for the region. Aspiration is a purpose-driven climate action company that offers large and small enterprises, governments, investors, and consumers access to a portfolio of high-quality carbon assets through innovative products, services, and investments that drive climate action.

Key Points: 
  • Aspiration is being supported by Access Abu Dhabi, the business expansion program by Maven Global Access and powered by Abu Dhabi Investment Office (ADIO), that serves as a conduit to fast-track entry to the burgeoning UAE capital.
  • The announcement was made today during Abu Dhabi Sustainability Week, where Vinoda Basnayake, President of Aspiration MENA discussed the company's ambitious plans for the region.
  • Aspiration aims to serve as a sustainability partner for the UAE ahead of Abu Dhabi hosting COP28, the UN's annual climate change summit taking place this November.
  • Aspiration Inc. credits its upcoming expansion into Abu Dhabi to the support of the Maven Global Access Abu Dhabi initiative.

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Retrieved on: 
Thursday, February 2, 2023
Ecosystem, Web3, Abu Dhabi Global Market, BlackRock, Partnership, Community business development corporation, Blockchain, Cryptocurrency, Venom

Abu Dhabi, 31 January 2023 — Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.

Key Points: 
  • Abu Dhabi, 31 January 2023 — Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.
  • Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects.
  • The Venom Ventures Fund was launched by Iceberg Capital Limited in partnership with Venom Foundation, the first officially licensed and regulated Layer-1 blockchain operating within the Abu Dhabi Global Market (ADGM).
  • Commenting on the investment, Everscale Foundation Board Member Moon Young Lee said, "This is a milestone for both the Everscale and Venom networks.

Venom Foundation in Partnership With Iceberg Capital Launches $1 Billion Venom Ventures Fund

Retrieved on: 
Sunday, January 22, 2023
Metaverse, VVF, Abu Dhabi Global Market, BlackRock, Executive, Venture capital, Decentralized finance, Blockchain, Insurance, VR, Marketing, Cryptocurrency, Video game

Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).

Key Points: 
  • Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
  • Venom Ventures Fund (VVF) will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network.
  • Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to partner with Venom Foundation, launching their new $1 billion fund.
  • Developers and builders working on innovative Web3 projects are invited to apply for funding through the Venom Ventures Fund website.

Venom Foundation in Partnership With Iceberg Capital Launches $1 Billion Venom Ventures Fund

Retrieved on: 
Sunday, January 22, 2023
Metaverse, VVF, Abu Dhabi Global Market, BlackRock, Executive, Venture capital, Decentralized finance, Blockchain, Insurance, VR, Marketing, Cryptocurrency, Video game

Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).

Key Points: 
  • Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
  • Venom Ventures Fund (VVF) will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network.
  • Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to partner with Venom Foundation, launching their new $1 billion fund.
  • Developers and builders working on innovative Web3 projects are invited to apply for funding through the Venom Ventures Fund website .