Virtual asset platform MidChains makes first trade

BitcoinAbu Dhabi-based MidChains, a virtual asset trading platform, has completed its inaugural trade. The startup was part of the Hub71 fintech accelerator and became one of the first crypto trading platforms to be regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority. The maiden transaction confirmed trades across bitcoin, ethereum, litecoin and bitcoin cash, and according to MidChains, is the first time a regulated platform in the UAE has conducted trades across these virtual assets. MidChains is backed by a number of high profile firms, including Abu Dhabi sovereign wealth fund Mubadala. “[Mubadala] invested in MidChains early in its lifecycle based on our belief in its ability to bring virtual asset trading to the region in a secure and regulated way,” said Ibrahim Ajami, head of ventures and growth at Mubadala. “We are pleased to see the company’s trading platform now fully operational, and we look forward to our continued collaboration,” he added. ©2021 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.