The Hashgraph Association (THA) and Blade Labs have joined forces in a strategic partnership to revolutionize digital transformation in the Middle East. This collaboration aims to integrate distributed ledger technologies into traditional financial services, driving financial inclusion and fostering digital innovation across the region.
Blade Labs, renowned for its innovative fintech solutions, will leverage its technology to reduce the costs of financial service delivery, making it more accessible to a wider demographic. This partnership aligns with THA’s recent participation in government-backed Venture Studio initiatives in the Middle East, with a collective investment of $300 million over the next five years.
Kamal Youssefi, President of The Hashgraph Association, expressed the organization’s dedication to the region, stating, “Our strategic investment in Blade Labs underscores our commitment to empowering enterprises with cutting-edge Web3-compliant solutions.”
Under this partnership, Blade Labs will introduce conventional and Shariah-compliant digital securities platforms to support the co-investment ventures. These platforms are expected to enhance liquidity, reduce operational costs, and improve collateral management through fund tokenization, appealing to both traditional and digital-first investors.
Sami Mian, CEO of Blade Labs, highlighted the strategic advantages of the partnership, stating, “The Hashgraph Association’s deep multi-level relationship will enable us to integrate our digital asset solutions with more businesses in the Middle East and beyond, driving digital transformation and growth.”
Blade Labs has also expanded its regulatory presence by securing a fintech license in the Qatar Financial Center and pursuing a license from the Financial Services Regulatory Association in the Abu Dhabi Global Market, signaling its commitment to advancing digital asset adoption in the region.
The Hashgraph Association’s involvement in key ventures in the Middle East, including the establishment of DeepTech and Digital Assets Venture Studios in Saudi Arabia and Qatar, further solidifies its strategic focus on driving digital innovation and transformation in the region. This partnership with Blade Labs marks a significant step towards advancing financial inclusion and digital transformation in the Middle East.
