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Egypt’s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform
Plus: Canater has secured USD 1 mn from regional investment firm Foras in exchange for a 10% equity stake
MAG plans to tokenize USD 3 bn real estate assets via MultiBank
The agreement will list MAG’s properties — including The Ritz-Carlton Residences and Keturah Reserve — on MultiBank.io’s regulated RWA platform
ADCB launches fintech venture Meedaf
The venture aims to address operational challenges in the region’s banking sector
Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework
Plus: Al Seer Marine JV lands AED 1.3 bn naval vessel contract
PlaysOut raises USD 7 mn in seed funding round
Gold trading startup Oro Labs also secured USD 1.5 mn
Mansa secures USD 10 mn in pre-seed and liquidity funding round + The Box lands USD 12.5 mn in debt financing
The funding includes USD 3 mn in pre-seed investment led by Tether and Polymorphic Capital
Blum secures USD 5 mn to scale AI-powered crypto trading on Telegram
The round was led by gumi Cryptos Capital
More support for proptech + crypto payments for real estate?
PLUS: Keyper collaborates with Dubai First + FAB on rent payment program
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