Maldives Inks $9 Billion Deal to Establish Crypto Hub in Malé
The Maldives has taken a decisive step toward economic diversification with a $9 billion agreement to build a blockchain and crypto hub in its capital, Malé. Dubai-based MBS Global Investments will develop the Maldives International Financial Centre—an 830,000 sqm complex projected to create 16,000 jobs.
The five-year project, exceeding the nation’s $7 billion GDP, aims to reduce reliance on tourism and fishing by attracting global investment into Web3 and blockchain infrastructure. This ambitious initiative positions the Maldives as a emerging player in the digital asset economy.