Zug, Switzerland - The Hashgraph Association (THA) has announced a strategic investment and partnership with Blade Labs, a fintech company specializing in distributed ledger technology for traditional financial products and services. This collaboration aims to accelerate digital transformation and financial inclusion across the Middle East.
Blade Labs will provide its Digital Securities Platform to support THA's $300 million Venture Studio initiatives in the region. These initiatives include substantial government-backed projects to foster digital enablement and inclusion, reflecting THA's commitment to empowering enterprises with Web3-compliant solutions.
Kamal Youssefi, President of The Hashgraph Association, highlighted the significance of the partnership: "Our investment in Blade Labs underscores our dedication to digital enablement, particularly in the Middle East. Blade Labs' innovative fintech solutions align perfectly with our vision."
The collaboration includes the launch of Shariah-compliant and conventional digital securities platforms to aid THA’s investment projects. Blade Labs focuses on non-custodial fintech APIs that distribute tokenized funds across multiple jurisdictions, offering real-time settlement, enhanced liquidity, and improved collateral management. These advantages make tokenized funds attractive to both traditional and digital-native investors.
Sami Mian, CEO of Blade Labs, expressed enthusiasm for the partnership: "This relationship with The Hashgraph Association will allow us to extend our digital asset solutions to more businesses in the Middle East, supporting the growth of digital ecosystems and driving transformation."
Blade Labs has already secured a fintech license in the Qatar Financial Center and aims to obtain a Financial Services Regulatory Authority (FSRA) license in the Abu Dhabi Global Market (ADGM) to further promote digital assets in the region.
The Hashgraph Association is also spearheading two major ventures in Saudi Arabia and Qatar. The $250 million DeepTech Venture Studio in Riyadh, developed in partnership with the Ministry of Investment Saudi Arabia (MISA), and a $50 million Digital Assets Venture Studio in Doha, in collaboration with the Qatar Financial Centre (QFC), highlight its role in fostering long-term digital transformation in the GCC region.
