Crypto

Venom Foundation Boosts Crypto Adoption in MENA

Today’s entrepreneurs in the MENA region are seen as the frontrunners in embracing global crypto trends; thus, companies should explore decentralization for business, government and social initiatives.

The first cryptocurrency foundation in the ADGM with permission to run blockchain and issue utility tokens has been registered as Venom Foundation. ADGM is well recognized as a fintech haven. The debut of Venom Blockchain, the critical next step, will soon be unveiled.

Venom Blockchain is an innovative technology that has achieved an unprecedented global leap in providing the industry with unlimited scalability and more robust security guarantees with decentralization. It is a pioneer in three key areas, including infrastructure, incoming project support, and developer-friendly platforms, each offering new approaches to solving long-standing problems in the software industry. cryptocurrency.

A revolutionary goal

Building and promoting a self-sufficient blockchain ecosystem is the primary goal of the Venom Foundation, and this goal has already produced notable results. It will work with ecosystem members to ensure these items are supplied in a compliant manner in the trusted and well-regulated environment of ADGMsubject to the necessary regulatory authorizations.

As a reminder, Abu Dhabi Global Market (ADGM) was inaugurated in October 2015 to strengthen Abu Dhabi’s position as a global business and financial hub and acts as a vital link between the Middle East, Africa, South Asia and the rest of the world. For his efforts and contributions to the regional financial and capital markets industry, ADGM was named financial center of the year for two years.

Blackrock Influence

The Foundation is backed by senior executives, such as Peter Knez, PhD, former Global Chief Investment Officer at BlackRock is in the mix, a well-known veteran business leader and investor in fintech expertise with a primary focus on the data. decision making. Plus, the founder of Knex Ventures, a force to be reckoned with, we expect big things from Venom.

The bottom line

Involvement of renowned market professionals and industry leaders in the development and eventual launch of the Venom The blockchain makes it a fascinating initiative for beta testers and pioneers. People who are willing to try new things are the ones who will be the first to use the Venom blockchain. Mustafa Kheriba and Dr. Kai-Uwe Steck, both members of the Foundation, gave the project team their full attention and expertise.


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