Tokenized Financial Markets post COVID-19: Spotlight UAE & Middle East

In our latest Fireside Chat on July 16, 2020, we hosted an engaging session on “Tokenized Financial Markets post COVID-19: Spotlight UAE & Middle East”.

Our managing partner, Christian Platzer, sat down with Kokila Alagh of KARM Legal Consultants, Mohammed Mahfoudh of Deca4 Advisory, Saeed Hareb Al Darmaki of Alphabit Digital Currency Fund, James Bernard of DMCC and Juergen Hoebarth of Tokenization Limited.

Here are some key take-aways from the session:

1. The vision is being realised

Kokila has seen from first-hand experience the great progress being made from all parties. Regulators, legislators, government, and the market itself are working in unison to promote the crypto space. The question has shifted from discussing what SHOULD be done to what IS being done in the UAE region. This positivity is shared by our audience, of whom all voted in favour of investing in tokenized securities.

2. Success of the Cryptographic Ecosystem

DMCC has certainly played its role in the development of the Cryptographic Ecosystem. James pointed out the success of DMCC Crypto Valley in Dubai has facilitated the growth, collaboration, and integrity across the blockchain sector in not only the UAE, but across the global economy.

3. Tokenization can solve liquidity issues in real estate

As reflected by Saeed and our audience, real estate is most widely invested asset class in the UAE, and Saeed is a big believer that blockchain can bring many benefits to this sector. However, according to our audience, liquidity is the major concern. This is emphasized by Mohammed, as he explains, the larger the real estate the more illiquid the asset. Tokenization provides the answer through the introduction of fractional ownership, a solution met with resounding approval from our audience.

Watch the whole discussion on our YouTube Channel.