DWTC Free Zone, CoinMENA to set up Crypto Asset & Blockchain Hub

DWTC Free Zone, CoinMENA to set up Crypto Asset & Blockchain Hub

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Dubai World Trade Centre Free Zone (DWTC Free Zone) has signed a Memorandum of Understanding (MoU) with CNMENA Holding, the parent company of CoinMENA, to develop a Crypto Asset and Blockchain Hub at Dubai World Trade Centre (DWTC).

The agreement was signed on the CoinMENA stand during the opening day of the Future Blockchain Summit, one of six events being held at DWTC as part of the five-day GITEX Global 2021, the world’s most complete, experiential technology event.

Under the MoU, the DWTC Free Zone and CoinMENA will collaborate to develop a Crypto Asset and Blockchain Hub that promotes top regional and international companies to establish a presence within the free zone.

With DWTC providing a unique and regulated ecosystem for businesses seeking local and international opportunities, the DWTC Free Zone is an ideal environment for startups, SMEs, and corporations to operate locally while reaching international markets.

Abdalla Al BannaVice PresidentFree Zone OperationsDWTC

“CoinMENA has made great strides in advancing the region’s digital asset exchange landscape. Through this MoU, we will harness the expertise of CoinMENA to accelerate Dubai World Trade Centre Free Zone’s role as an incubator for companies, underpinned by blockchain and cryptographic technologies, which continue to drive the digital-led economy. We