The Middle East's largest alternative asset manager has raised funds to invest in blockchain-related firms. This is a first for this company, whose operations have an impact on the entire Middle East region.
Profit from the rapid growth of blockchain technology
According to a statement on the website of Investcorp Holdings – whose headquarters are in Bahrain – the company eLydian Lion will be based in Abu Dhabi and will have a global investment mandate. The society will be able to achieve its new goals in this manner.
What are the goals that the society aspires to achieve? Its goal is to enable investors to profit from the blockchain ecosystem's rapid growth, according to the press release. She also plans to support primarily early-stage companies working in areas such as infrastructure, blockchain platforms and exchanges, decentralized finance, and data analysis.
We should recall that Investcorp was delisted from the Bahrain Stock Exchange last year, after over 40 years as a publicly traded company. She had stated that this move will allow her to be more agile in the implementation of her new projects and in the development of her company.
To strengthen the status of the Moyen-Orient region
Investcorp has announced that it will raise funds to ensure the success of its new projects. This operation comes after a slew of activities in the Middle East aimed at cementing the region's reputation as a haven for cryptomonnaies.
During the month of March, Duba also announced the formation of a new agency tasked with establishing a regulatory framework for digital assets. The agency was founded in partnership with Binance, a cryptocurrency exchange. Remember that Binance received preliminary approval from Abu Dhabi Global Market (ADGM) to operate as a digital asset broker-dealer over the weekend.
The Middle East is ready to present itself as a region conducive to the development of cryptomonnaies and other actives. As a result, the region's businesses multiply the projects that can contribute to such change. This is the case with Investcorp, which wants to invest in blockchain technology.
Source: The Block
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