Jibrel, a Swiss fintech operating in the Abu Dhabi General Market (ADGM), is set to launch what it claims is the first globally regulated, blockchain-powered platform for private funding in the UAE.
The fintech was developed with the aim of tokenising traditional financial assets. Late last year, it settled the first digital sukuk transaction with Al Hilal Bank and has now turned to developing technology for tokenising traditional equity.
According to Jibrel chief executive Yazan Barghuthi, the new platform will “enable investors of all genres to connect with start-ups and SMEs, creating new capital formations”.
Further into the future, Jibrel is also looking to develop an alternative investment platform for trading private tokenised equities.
“Our aspiration is to bring greater transparency and democratisation to how private equity and venture capital fund managers raise capital, and in so doing, ultimately usher the fund and investment management sector into a new era,” said Barghuthi.
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