Invao, a Lichenstein-based crypto fund manager, has inked a partnership with Dubai’s Seed Group to help the latter in investing in digital money and blockchain assets.
Seed Group is an association of diversified companies owned by the Private office of Sheikh Saeed bin Ahmed Al Maktoum.
Through this deal, the Dubai-based company will be able to access a portfolio of blockchain assets and digital currencies through automated trading and active crypto portfolio management. Invao can also assist Seed Group in investing in crypto assets that do not have lockup periods.
Invao says within its website that it helps companies to selectively invest from across 2,000+ crypto assets using a single token, simplifying the process of investing in crypto assets.
“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,” says Hisham Al Gurg, CEO of Seed Group.
“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.”
The Private Office of Sheikh Saeed bin Ahmed Al Maktoum directly invests in businesses which bring advanced, innovative solutions to the UAE, selecting one company to partner with per industry, including technology, healthcare, hospitality, real estate, and in this case, investments.
Following the partnership, Invao has also revealed plans to open an office in Dubai and said that it will play a key role in UAE’s Blockchain Strategy 2021.