Paul Dawalibi Appointed CEO of RAK Digital Assets Oasis, Marking a New Chapter for the Web3 Free Zone

RAK Digital Assets Oasis (RAK DAO), the world’s first free zone dedicated to digital and virtual asset businesses, has appointed Paul Dawalibi as its new Chief Executive Officer. With over two decades of experience in tech entrepreneurship, venture capital, and digital strategy, Dawalibi is expected to accelerate RAK DAO’s ambition of becoming a global hub for Web3 innovation.

Dawalibi, who has worked extensively with both startups and governments, brings a strong track record in bridging traditional industries with emerging technologies. His appointment signals RAK DAO’s intent to scale its infrastructure and regulatory framework to attract next-generation digital asset companies.

RAK DAO has been making headlines for its progressive stance on Web3 legal structures. Earlier this year, the free zone launched DARe (Digital Assets Regulatory Environment), a legal framework designed specifically for decentralized autonomous organizations (DAOs), allowing them to register and operate with clear governance structures in the UAE.
Read more on Unlock Blockchain: RAK DAO Launches DARe, a Legal Framework for DAOs

The appointment of Dawalibi comes at a pivotal moment for RAK DAO, as interest in compliant digital asset jurisdictions continues to grow. With initiatives like DARe and a business-friendly environment, RAK DAO positions itself as a key player in the regional and global Web3 ecosystem.