Dave Pulis

I was delighted to share the most advanced RWA use cases - read 'real-world assets' - on behalf of TFD Initiative, DNI Initiative and ITFA during yesterday's event organised and hosted by XinFin Powering XDC Network at their offices in Emirates Financial Towers. Many thanks to Saloi B., Atul Khekade and Ritesh Kakkad for hosting yet another insightful briefing on both regulatory, legal and business fronts. We covered private credit, real estate, gold tokenisation, and asset-based liquidity use cases. My recommendations to our audience: 1- Put regulatory and legal aspects on the top of your RWA tokenisation ideation. Many progressive jurisdictions are introducing new digital asset frameworks such as DIFC. 2- Focus on business use cases and identify where to apply tokenisation, and where not to. There is no need to tokenise the end-to-end process, it could be even fatal. Excellent example is how TFD Initiative introduces tokenisation in trade financing by Tradeteq and XinFin Powering XDC Network. 3- Apply RWA Tokenisation to deliver what has never been achieved before. 4- Focus your go-to-market on attracting new customers, not moving existing ones to new rails. 5- "Resistance to change" is the actual competition, not the other vendor. Many thanks also to our expert contributors: - Sarah Tarek of Mercatura Forum - Arushi Goel of Chainalysis - Matthew Weisenthal of XDC Foundation - Tadashi Yoshida and Chihiro Kato of SBI Tradefinex APAC - Muhammad Salman Anjum of InvoiceMate - Nils Behling, CAIA of Tradeteq - Jignesh Ved of ComTech Gold - Arturo Cantera Carrasco of Prime Numbers Labs - Tyler Carter of Fathom Protocol - Adil T. and Manal Rifki. Expect more news on the regulatory and legal side as RWA Tokenisation is entering both banking and capital market spaces and being stronger supported by regulators.

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Triton Liquid Fund is now live.    Triton Liquid is a digital asset hedge fund, which combines fundamental research with data analysis to invest in liquid tokens across the entire digital asset landscape. We have just been granted our In-Principal Approval from Abu Dhabi Global Market (ADGM) for a Financial Services Permission. We chose to domicile in Abu Dhabi because it is rapidly emerging as a globally recognized center for digital asset innovation, with a progressive regulatory regime and pragmatic leadership. FJ Labs initially anchored this strategy with $30M USD. Since November, we have increased our market exposure from 20% to 100%.    We continue to believe that now is the optimal time to allocate to crypto, and that there are a number of tailwinds that make this year particularly attractive. More about our fund launch in the comments below.

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A major breakthrough and development for AIX as we join Abu Dhabi Securities Exchange (ADX)' Tabadul platform! I'm very upbeat on that one as it allows the investors of AIX trading participants who sign up for the scheme to trade ADX listed securities and vice-versa. The perfect antidote to the fragmentation of liquidity.

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Mubadala Capital and Fortress Investment Group have completed the acquisition of a 90.01% stake in Fortress previously held by SoftBank Group, with Mubadala now owning 68% and Fortress management retaining 32% of the equity. #MubadalaCapital #FortressInvestmentGroup #SoftBankGroup #EquityAcquisition #InvestmentDeal #AlternativeInvestments #FinanceNews #PrivateEquity #AssetManagement #InvestmentNews

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Will be speaking this evening about Crypto and Virtual Asset regulations in the UAE and wider region including India, Institutional adoption, investors, infrastructure, opportunities and all with Arushi Goel Its been quite a journey since 2018 when I started working with virtual assets in this area and now fascinating to see how the entire industry is moving into maturity with institutional grade regulation, stakeholders and business coming into fruition. #crypto #virtualassets #digitalassets

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Gold dust for our members, welcoming Jean-Luc Roghe, the CEO of Millennium UAE Hedge Fund. This was the perfect follow-up for members who recently learned how financial markets work (internal speaker, Christian) - we have now explored the buy-side and investment banking! We learned a lot about hedge funds, hedging and strategy/operation. This included the role of hedge funds, how they function and how they differentiate - application of Econ in real-world context.

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It was a pleasure to speak at the AYU Digital Asset Fund Forum in London last week! Avantgarde’s CEO Mona El Isa joined a panel to discuss the rise of tokenisation in asset management. As one of the industry’s leading asset managers, Avantgarde is committed to launching digital asset investment products that appeal to a wide range of professional and institutional investors. Get in touch today to learn more. 📧 info@avantgarde.finance #AYU #Funds #CryptoFunds #Crypto #Web3 #DigitalAssets #Bitcoin #Ethereum

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🎉 Exciting news! Hong Kong has granted initial approval for Bitcoin and Ether #ETFs, signalling a promising outlook for the crypto market! 🚀 Don't miss out to explore how OlaWealth - Track Top Trades's trading strategies have thrived during the recent turbulence sparked by Middle East tensions. 🐳 Join us today to automate your trading with optimised signals! Sign Up by【Signal2earn】Now! #Crypto #HongKong #BTCETF #ETHETF #AI #SOL

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In this week's #marketmovers, read more about: * OTC 835 Public Utilities Management Company Kuwait  announced record-high profits of KD 10.87 million, the highest since its inception. Read more about the company's #financialresults as shared at its #assemblymeeting. * OTC 89 Contracting & Marine Services Co. S.A.K  initiated the distribution of 5% #cashdividends for the 2023 financial year this week. *Knet​ "The Shared Electronic Banking Services Co." (OTC 322) has introduced the "Wamd" service to enhance #electronic. banking, aligning with payment technology developments at regional and international levels. The service aims to improve payment system infrastructure, offering efficient and secure user-friendly products. * Kuwait Credit Information Network Company (CINET) (OTC 359) announced this week that it considering to expand into the real estate industry by introducing a service for property owners to electronically verify the financial histories of potential tenants.  * OTC 469 Kuwait International Investment Company KSC started the distribution of a cash dividend of 15%. * Upcoming assembly meetings for OTC 344 Orient Education Services Company, OTC 845 Gulf Projects Company Cooling and Electricity, OTC 453 AlWafir Marketing Services Co. etc. Follow almowazi for the latest #companynews, #trading updates, #assembly meeting updates, #profit distributions etc. Visit our website to sign up for our #weeklymarketupdate. https://conta.cc/3Lh6uaE

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Cryptocurrency firms in the United Arab Emirates are hailing a new era of regulatory clarity and market stability following the Central Bank of the UAE’s (CBUAE) recent decision to introduce a comprehensive licensing system for stablecoins. The move, which comes as part of the “Payment Token Services Regulation,” has been met with enthusiasm from industry professionals who see it as a crucial step in legitimising and integrating digital currencies into the UAE’s financial ecosystem #Crypto #Currency #Coins #UAE #Regulations

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Lots of innovation and change likely to be the outcome of the increased regulatory clarity and push by firms in the region, looking forward to tuning into this discussion. #stablecoin #payments #regulation #banking #Web3

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Are #secondaries the solution to #MENA's Exits? In a recent conversation with Basil M. from Key Capital, we discussed the emerging potential for IPOs, secondaries and exits in the market. Secondary funds, which target shares in early stage investment rounds at a discount, can stimulate market participation by providing liquidity to existing shareholders without diluting company equity. These investments enable early investors to exit, allowing founders to clean up their cap table and receive a potential fresh injection of capital. Of course, the secondaries market in the #MENA region is still emerging, but given the global increase in secondary investments, perhaps it’s not too long before it becomes more commonplace in the region. Check out my full conversation with Basil M. for more MAGNiTT insights: https://lnkd.in/gT5X5Q7D PS: Great recent pod from the Unreasonable Podcast discussing just this and the impact in the South East Asian Venture space. Well worth a lisen! CC: Hian Goh, Vishal Harnal and Michael Blakey #webinar #exits #IPOs #venturecapital #startups

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🚨 QCP Capital Has Receives In-Principle Approval From Abu Dhabi for Regulated Digital Assets Activities🚨 QCP Capital has secured preliminary approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) for its regulated digital assets activities QCP Capital became the first market maker and crypto broker in the UAE capital to receive initial approval in the capital of the United Arab Emirates.  At the same time, the milestone underscores Abu Dhabi's emergence as a leading hub for crypto initiatives. QCP Capital's partnership with further ventures represents a strategic move to grow operations in the Middle East. Stay tuned with Web3R&D for Further Updates! PC- Crypto. news #QCPCapital #Crypronews #Web3withus #digitalassets #DigitalAssets #AbuDhabi

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A lot is going to be discussed at the next DDC Financial Group Global Credit Investor Forum during the AIM Congress. Mark your calendars from May 7-9 at ADNEC Abu Dhabi. See you there! You may register from here to attend https: https://lnkd.in/dxNui79a #DDCInvestorForum #AWHolding #AIMCongress #AbuDhabi #MiddleEast #DistressedInvesting #Restructuring #Alternatives #SecondaryMarket

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Wealthy clients are increasingly concerned about the privacy of their assets as they do not want all their information to be freely accessible. The future introduction of a UBO register in the UAE will make discreet investing more challenging. #WealthManagement #Investing #PrivacyProtection

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As #stablecoins continue to gain traction worldwide, the UAE’s experience can inform the development of effective regulations, write Kokila Alagh and Ratul Roshan of KARM Legal Consultants. Recent developments crystallise the country's position as a regional and global hub for stablecoin regulation and a safe, secure, and progressive environment for activity.

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Our Head of Origination, David Beckett, had the pleasure of joining Reorg's live webinar yesterday, “Private Credit in the Middle East: Set for Take Off?”   We have been successfully investing across the Middle East for 12+ years and recognize the growing importance of liquidity for future growth in the Middle East and welcomed the chance for David to dive into:   -The development of private credit activity in the Middle East and the role it plays in a typical capital structure.    -Comparisons between private credit in the Middle East and Europe.   -How investors can get involved and deploy private credit in the Middle East.   -Non-performing loans in the Middle East and the growth of a secondary market.    Thank you to Mark Menon of Ankura for participating alongside David, and Shan Qureshi for expertly moderating the discussion.   Watch the full webinar with either of the following links to catch David's insights and learn about the exciting opportunities emerging in the Middle East.   https://lnkd.in/evjJDJwe  https://lnkd.in/eB4NUzxh #privatecredit #alternativecredit #specialsituations #opportunisticcredit #financialmarkets #assetmanagement #middleeast #KSA #UAE #GCC

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Tether, the largest digital asset issuer, and Fuze, a platform facilitating digital asset transactions in the Middle East, have joined forces to push for digital asset education. Through a Memorandum of Understanding (MoU), they aim to advocate for the mainstream adoption of digital assets like #Bitcoin and #stablecoins such as Tether.to (#USDT). This strategic partnership will focus on educational programs across Turkey and the MENA region, emphasizing the benefits of digital assets and ensuring compliance with #regulatory frameworks. By empowering financial #institutions and #businesses with knowledge about the real applications of #digitalassets, Tether and Fuze are paving the way for wider adoption and usage. Paolo Ardoino, CEO of Tether, highlighted the transformative potential of the collaboration, while Mo Ali Yusuf, Co-Founder and CEO of Fuze, emphasized the importance of educating stakeholders at all levels for the future of #finance. Together, they aim to set a new standard for digital asset adoption and create a globally informed and empowered society. The only way to attract people to the #blockchain industry and make them enthusiastic is through education and #financialliteracy. While giveaways, airdrops, and prizes may grab attention, the real focus lies in providing comprehensive #education about #cryptocurrencies and #blockchain technology. As we care about our present, we must also invest in our future by providing the newest #technologies for the next generation to study and explore. https://lnkd.in/eY2v-Rwp

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