{"id":113373,"date":"2026-03-25T00:00:00","date_gmt":"2026-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=113373"},"modified":"2026-04-13T18:41:00","modified_gmt":"2026-04-13T18:41:00","slug":"uae-blockchain-startup-utexo-bags-usd-7-5-mn-in-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/25\/uae-blockchain-startup-utexo-bags-usd-7-5-mn-in-seed-round\/","title":{"rendered":"UAE blockchain startup Utexo bags USD 7.5 mn in seed round"},"content":{"rendered":"

Blockchain platform Tether led a USD 7.5 mn seed round for UAE blockchain <\/strong>infrastructure startup<\/strong><\/a><\/strong>Utexo<\/a><\/strong>, which is building the APIs and software that let digital wallets and payment companies process stablecoin transactions without overhauling legacy systems, according to a <\/a>press release<\/a>. <\/a>Franklin Templeton<\/a>, <\/a>Big Brain Holdings<\/a>, <\/a>Portal Ventures<\/a>, <\/a>Maven 11 Capital<\/a>, and <\/a>Fulgur Ventures<\/a> also participated. <\/p>\n

The timing tracks:<\/strong> The CBUAE recently approved its first licensed stablecoin as a payment method across federal entities, IHC \/ ADQ \/ FAB are developing a regulated AED token, and Tether itself has an AED-pegged stablecoin in the pipeline through a partnership with Phoenix Group.<\/p>\n

\n

\n

Syria-based proptech startup Miftah <\/strong>secured<\/a><\/strong> an undisclosed sum in a pre-seed funding<\/strong> round<\/strong> ahead of its official market launch. The startup is building a digital real estate marketplace focused on identity verification and will use the capital to accelerate product development and rollout.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Syria-based proptech Miftah secures pre-seed funding ahead of marketplace 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