UAE SEED Group partners with Liquefy for STO industry in UAE

Liquefy partners with The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and SEED Group. This partnership aims to propel Dubai as a global leader in FinTech and catalyze the growth of the security token industry by working with Liquefy.

On 29th July 2019, Hisham Al Gurg, the CEO of SEED Group and The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, finalized the partnership with Liquefy during an official signing ceremony event held at their headquarters in Dubai. Adrian Lai, CEO at Liquefy, and Oscar Yeung, COO at Liquefy, represented Liquefy at the signing ceremony.

Dubai is committed to becoming a global leader in financial and digital innovation by adopting blockchain technology. The Smart Dubai Initiative will help Dubai achieve the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum by making Dubai the first city to be fully powered by Blockchain by 2020. Digitalization of assets and securities through tokenization is an emerging trend that is revolutionizing financial services. Liquefy believes Dubai is the ideal place to build a security token ecosystem given the Dubai International Financial Centre’s (DFSA) support towards innovative business models, products and services.

The partnership allows Liquefy to operate in Dubai under The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and engage discussions with Dubai, UAE government and DFSA on regulations of security token and to collaborate with the private sector on tokenization. Liquefy will provide security token technology and consulting to Dubai which will enable Dubai’s digital city transformation and allow trusted and efficient transfer of securities.

“We see our partnership with The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum as an incredible opportunity for integrating Liquefy’s expertise in asset tokenization with Dubai’s vision to become a digital city. Liquefy is confident that this partnership will drive Dubai’s progress towards becoming a fully blockchain-powered city and initiate a paradigm shift in its real estate sector through asset tokenization,” said Adrian Lai, CEO of Liquefy.

“As market leaders, it’s always been our primary interest to partner with a company that delivers the industry-leading technology that this city expects and deserves,” said Hisham Al Gurg. “We are taking a significant step towards that ultimate objective here in Dubai by formalizing our partnership with Liquefy. We look forward to a fruitful collaboration that will effectively address some real issues in the current financial ecosystem efficiently and eventually make Dubai the world leader in innovative technology.”