ADGM-based fintech to launch blockchain private financing platform

BlockchainJibrel, a Swiss fintech operating in the Abu Dhabi General Market (ADGM), is set to launch what it claims is the first globally regulated, blockchain-powered platform for private funding in the UAE. The fintech was developed with the aim of tokenising traditional financial assets. Late last year, it settled the first digital sukuk transaction with Al Hilal Bank and has now turned to developing technology for tokenising traditional equity. According to Jibrel chief executive Yazan Barghuthi, the new platform will “enable investors of all genres to connect with start-ups and SMEs, creating new capital formations”. Further into the future, Jibrel is also looking to develop an alternative investment platform for trading private tokenised equities. “Our aspiration is to bring greater transparency and democratisation to how private equity and venture capital fund managers raise capital, and in so doing, ultimately usher the fund and investment management sector into a new era,” said Barghuthi. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.