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Dubai-Based Firm to Invest $8.8B in Blockchain Financial Hub in Maldives
Dubai-Based Firm to Invest $8.8B in Blockchain Financial Hub in Maldives
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A Dubai-based family office linked to Qatari royalty is leading an $8.8 billion initiative to establish a blockchain and crypto hub in Malé, Maldives. The investment surpasses the nation’s annual GDP of $7 billion, signaling transformative potential for the island economy.
MBS Global Investments, with $14 billion in assets under management, signed the agreement on May 4. The firm plans to fund the project through a consortium of high-net-worth individuals and family offices, targeting completion by 2030.
The hub aims to attract global financial institutions, fintech innovators, and digital nomads. Projections suggest the financial freezone could triple Maldives’ GDP within four years of operation.
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