DIFC Innovation Hub, Julius Baer and Euroclear join forces

DIFC Innovation Hub, Julius Baer and Euroclear join forces

UAE - DIFC Innovation Hub is collaborating with global Swiss wealth management firm, Julius Baer, and the Financial Market Infrastructure Euroclear, to lead on tackling challenges in the digital asset estate planning space.

Aligned with the UAE’s vision to help family businesses maximise their contribution to the economy, the collaborative innovation project, organised by DIFC Innovation Hub, will bring together innovators, investors, and subject matter experts from across the wealth management value chain to explore how families can best use technology to manage rapidly expanding portfolios of tokenised and digital assets.

DIFC’s Innovation Hub experts will work closely with Julius Baer’s global innovation team and Euroclear’s innovation centre of excellence for a three-month sprint that will result in a white paper detailing a future-oriented solution for succession planning relating tokenisation applied to multi-generational inheritance.

Serve as blueprint

The analysis and subsequent findings will serve as a blueprint for other geographies looking to turn similar challenges into opportunities.

It is estimated that AED3.67 trillion ($1 trillion) in assets will be transferred to the next generation in the Middle East over the coming decade. However, only 24% of High-Net-Worth Individuals have a full estate plan in place. Fast adoption of various digital asset classes by individuals and