The IOTA Ecosystem DLT Foundation has unveiled a new investment fund valued at $10 million during Investopia 2024.
The fund will promote the development of TradeTech solutions and support the expansion of startups and venture projects based on digital technology initiatives and the tokenisation of tangible assets.
The fund was introduced in partnership with TLIP, a specialised digital platform for trade data storage and exchange.
The initiative aims to enhance the trade technology landscape and foster a more interconnected, efficient, and accessible global trade system. It also seeks to offer trade financing solutions to businesses and governments.
The main focus of the fund will be supporting UAE-based startups across Africa.
IOTA, registered with the Abu Dhabi Global Market, is focused on developing the next generation of decentralised governance technologies. The Foundation leverages cutting-edge technologies such as blockchain, digital currencies, distributed data technology, the Internet of Things (IoT), and other modern financial technology applications.
