Driving Middle East Digital Innovation: Hashgraph Association and Blade Labs Forge Strategic Partnership
The Hashgraph Association and Blade Labs have forged a partnership to advance digital transformation using Blade Labs’ conventional and Shariah-compliant digital securities platforms.
Blade Labs, a fintech company licensed by the Qatar Financial Center, aims to integrate distributed ledger technologies with traditional financial services in the Middle East. This collaboration intends to lower operational costs, enhance liquidity, and improve collateral management through fund tokenization. Kamal Youssefi, President of The Hashgraph Association, highlighted their dedication to digital enablement in the region, emphasizing their strategic investment in Blade Labs to deliver innovative fintech solutions.
This partnership builds on previous initiatives, including a $50 million digital assets venture studio with the Qatar Financial Center and a $250 million deep tech venture studio with the Saudi Arabian government.
Clever Robot News Desk 28th June 2024
