Atlas Capital signs partnerships with Dubai Blockchain Center and KARM Legal
While the globe today is divided by the Corona Virus, Blockchain is still bringing together nations. Rain Huan, the founder of Atlas Capital, a strategic consulting and investment firm that has been investing in fintech and Blockchain startups and firms, moved to Dubai. Although it has operations in Shanghai and HongKong. Rain Huan, Founder of Atlas Capital believes the future growth will come from the UAE.
Huan explains to UNLOCK, “Since 2016 we have been operating in China investing in blockchain and crypto exchange projects. In 2020 we moved and opened up offices in Dubai UAE, this was a natural move for us given that one of our partners already is a resident here. We also formulated a strong cooperation with Expo2020.” Atlas Capital has partnered with Expo 2020 and its District 2020 free zone to create the Blockchain Campus. According to Huan, “our aim is to attract big companies as well as startups from China, Singapore, and Hongkong. Our role is not only to create a campus but a blockchain district and incubator. We have strong interest from very big crypto companies in Asia who are interested in the MENA region.”
Atlas Capital has not only built partnerships with Expo 2020 and District 2020 but also with several entities within the UAE. The aim is to build the blockchain and crypto ecosystem. Recently Atlas partnered with the Dubai Blockchain Center, headed by Dr. Marwan Al Zarooni. The Dubai Blockchain Center, which was inaugurated by His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai on the 15th of May 2018, aims to bring together blockchain thought leaders, developers, investors, and educators. It organizes awareness sessions, hosts events, runs competitions, and supports the public and private sector companies on blockchain technology. Huan explains, “We are well acquainted with Dubai Blockchain center and Dr. Zarooni. With this partnership in place we will be able to host blockchain companies that want to open up office in the UAE at Dubai Blockchain center until the District 2020 site is ready. We are working to attract around 10 big blockchain companies, crypto exchanges, as well as tokenization projects in addition to 20-30 blockchain startup companies in the first year of operation.”
One of the first companies to be opening up office in District 2020 will be OKDAX crypto exchange. According to Huan crypto exchange OKDAX will have a license to operate in the UAE either from ADGM( Abu Dhabi Global Market), or DIFC ( Dubai International Financial Center). He adds, for other crypto trading entities we can also receive an OTC license from DMCC ( Dubai Multi Commodities Center). We are ready to assist entities to receive these licenses given our recent partnership with KARM Legal.” Atlas Capital recently signed an agreement with KARM legal Consulting to support the legal consulting for blockchain and crypto businesses in the UAE. KARM legal focuses on crypto legal consulting, token offerings, Security token offerings, and the licensing of crypto exchanges OTC trading desks, custodians and brokerage services. . It was one of the first legal entities to publish with STO Lab MENA a comparative crypto report.
In conclusion while there are various projects in the UAE to help develop the blockchain ecosystem, Atlas Capital and its blockchain campus will be a center for Asian blockchain and crypto companies seeking to open up markets in the GCC and MENA region. Huan explains, “In China we have a very huge crypto markets, and the MENA region is still growing so that is why we are focusing on Dubai and the UAE. From the UAE we hope to later expand to the rest of the region.”