Koine featured in UNLOCK Blockchain
Following our recent in-principle agreement from the Abu Dhabi Global Market, Dominic Longman, CEO, Koine, Middle East, spoke to UNLOCK Blockchain about why the UAE was the perfect place to establish our Middle East Hub to best serve our international institutional clients, forming an integral part of our growth strategy.
Dominic began by explaining why Koine was drawn to the UAE: “The UAE’s vision for financial services, along with its regulatory quality, sizable financial assets, embrace of digitalization and its geo-positioning are the key factors. We very much see this as a partnership between government and other local businesses. ADGMs regulation, being some of the most progressive and focused for all virtual assets globally and Abu Dhabi’s vision for 2030 made it stand out as the place to seek regulation for MENA.”
“We want to be a key infrastructure provider for the backbone of new asset classes as part of UAE 2030 vision.”
Dominic went into more detail about how the jurisdiction aligned with Koine’s vision for the future of assets: “We are strong believers in the tokenization of assets, security tokens, real-estate tokens and as such we believe all asset classes will be impacted by digitization. Using Koine customers can have their assets custody and settled in UAE yet their assets are being traded across global venues.”
This article first appeared on Unlock Blockchain on the 10th of June, and the full article is available here: https://www.unlock-bc.com/news/2020-06-10/koine-mena-digital-asset-custodian-chooses-uae-as-home-base