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.