Inacta Blockchain and TokenGate open operations in UAE
Inacta Group, Zug, Blockchain Digital transformation provider founded in 2009 by Marco Bumbacher and Ralf Glabischnig, along with its venture Tokengate that focuses on tokenization by introducing it to different areas such as real estate, commodities, art, sports and entertainment, set up operations in UAE as part of the Crypto Oasis ecosystem.
Inacta is an expert partner for digital transformation and innovation. Swiss banks, insurers, and real estate companies equally rely on Inacta’s digitalization expertise. Over the past five years the company has focused on blockchain and related areas. By the end of 2021 Inacta Ventures comprised 15 majority-owned and more than 40 minority-owned companies. In 2021, Inacta completed many successful digitalization projects for its existing customers, including Helvetia, Visana, Zurcher Kantonalbank, Raiffeisen Bank, Migros and Wincasa.
Among the highlights of 2021 in the sphere of blockchain were the introduction of the Bitcoin payment application inapay, which was jointly developed with Bitcoin Suisse at AXA Insurance, and the launch of the first Swiss Crypto Stamp by Swiss Post. The 175,000 non fungible tokens (NFT) were sold out within four hours.
As of 2022 Inacta is strengthening its corporate governance and broadening the ownership structure with the election of Daniel J Sauterto the Board of Directors of Inacta in December 2021 to support the entire group’s strategic growth to complement Rolf Günter, Ralph Mogicato and the two founding members Marco Bumbacher and Ralf Glabischnig.
In addition Nathan Kaiser has joined the board of Inacta Ventures and will focus on expanding the venture strategy for existing start-ups such as Tokengate, Gentwo Digital and Inapay. Most recently he was President of the Cardano Foundation and General Counsel at SIX Digital Exchange where he was instrumental in obtaining a license from FINMA for the trading of digital assets at the Exchange.
Finally Kathrin Genovese-Delwing joins the board of Tokengate to position tokenization in the financial industry. She brings vast expertise from over 30 years as CEO of Marc Rich and Co Holding AG and UBS. Today she is the CEO of UBPIAS (Investment Advisory Service).
In 2022, Inacta, through its venture Tokengate, will focus on tokenization by introducing it to different areas such as real estate, commodities, art, sports and entertainment. In addition to expanding the Swiss home market, Inacta has been advancing its strategic expansion into the Middle East with Dubai at its center, under an ecosystem named Crypto Oasis is being which is being built with different partners. The aim is to replicate the successful Crypto Valley model and generate additional growth by interconnecting the two markets.
Crypto Oasis Sentio was founded in Dubai UAE at the end of 2021 and has invested in close to a dozen start-ups in the crypto space and plans to invest in another 50 projects this year.
Board Chairman Marco Bumbacher, “With new structures, strong shareholders and a competent, engaged Board of Directors, we are well positioned to develop Inacta successfully and take on a pioneering role in many innovations.”