DMCC Crypto Centre Surpasses 500 member companies in 2022
The presence of over 500 blockchain and Web3 firms inside the Dubai Multi Commodities Centre (DMCC)’s Crypto Centre shows that demand for space is still very high, a statement has said. According to CEO at DMCC Ahmed Bin Sulayem, the “record-high” number of overall new company registrations indicates the extent of investors’ “confidence in the emirate.” New Milestone for DMCC
According to the United Arab Emirates-based Dubai Multi Commodities Centre (DMCC), the demand for space at its “Crypto Centre” grew significantly, and this can be evidenced by the over 500 blockchain and Web3 firms that were registered with the Crypto Centre by the end of 2022. The surge in the demand for space at the DMCC centre came against the backdrop of a 23% year-on-year increase in the number of registered members from 2,485 in 2021 to the 3,049 seen by the end of 2022.
Commenting on what is seen as a new milestone for the commodities centre, Ahmed Bin Sulayem, the executive chairman and CEO at DMCC, said: Backed by a strong regional macroeconomic landscape, DMCC has been efficiently accelerating its growth strategy throughout 2022, focusing on supporting its member companies in high-impact sectors such as web3 and blockchain technologies, commodities and global trade. The unprecedented performance this year reflects this growth acceleration and highlights the significant value that DMCC adds to each of its members.
The CEO also suggested that the “record-high” number of new company registrations could well indicate the extent of investors’ “confidence in the emirate.”
Meanwhile, Feryal Ahmadi, the chief operating officer (COO) at the DMCC suggested that his organization would seek to “build on its position of strength by further enhancing its services and offerings” and by forging new alliances around the world. Tags in this story Ahmed Bin Sulayem, Blockchain, DMCC Crypto Centre, Feryal Ahmadi, investor confidence, Web3
What are your thoughts on this story? Let us know what you think in the comments section below. Terence Zimwara
Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route. Prices in Dollars Rose Almost 54% in Venezuela During 2022 EMERGING MARKETS | 5 days ago Bahrain Telecom Operator Starts Accepting Crypto Payments EMERGING MARKETS | Dec 18, 2022
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEl Salvador Approves Digital Assets Issuance Law Next articleBitcoin, Ethereum Technical Analysis: BTC Above $21,000 as ETH Hits Fresh 2-month High Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40%