TokenMarket investment platform to invest 350 million USD in MENA

Global investment platform TokenMarket announced last week that it aims to raise $350 million (Dh1.2 billion) in funding for regional tech start-ups and small to medium enterprises out of its Dubai office by 2021, according to the company's chief executive.  TokenMarket, a token sale and Blockchain crowdfunding platform, opened its local office at DIFC in August after it received a testing license. 

Chief Executive Officer, Ransu Salovaara stated to media, " "We will help local start-ups and growth-stage companies to raise money by issuing security tokens." He adds, " TokenMarket has a network of more than 170,000 investors in over 150 countries and we have raised close to $350m for over 30 companies since last year and our aim is to raise the same amount in the Mena [region] in the next couple of years.”

There are clear benefits to tokenising bonds," said Mr Salovaara. "We can register lots of data on the blockchain and borrowers can demonstrate a transparent history making future debt raising easier and cheaper."