Crypto Fund INVAO Teams With Dubai’s SEED Group To Advance UAE’s Blockchain Strategy

Blockchain, Investing, News | February 6, 2019 By:

Blockchain firm INVAO has been selected as the exclusive international partner for blockchain investments by Dubai’s SEED Group.

Based in Liechtenstein, INVAO is offering a compliant investment opportunity into a diversified portfolio of blockchain projects. Supported by a trading engine based on artificial intelligence (AI), the company manages a blockchain asset pool and base its investment decisions on research and technical analysis.

The SEED Group is a diversified company operating in industries including technology, healthcare, tourism & hospitality, and real estate. The group, which is owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, directly invests in businesses which bring advanced and innovative solutions to the UAE.

Through the partnership, which is part of the UAE government’s plan to become a blockchain investment hub by 2021, the SEED Group will assist INVAO in securing funding from investors in the Gulf state. The partnership will allow UAE and global investors to access INVAO’s diversified portfolio of blockchain assets and cryptocurrencies.

Hisham Al Gurg, CEO of SEED Group, said that they have selected INVAO as their international partner for blockchain investments as they believe that it will increase the transformation drive for the digital asset landscape in the UAE, while 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,” Al Gurg 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.”

Frank Wagner, CEO and Co‑founder of INVAO, said that the partnership represents a seal of approval from an association of elite business minds across the UAE.

“With this joint venture, INVAO will become one of the main drivers behind the Emirates Blockchain Strategy 2021,” Wagner said. “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.”