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Cryptocurrency Catches the Royal’s Eye

Cryptocurrency Catches the Royal’s Eye

Sheikh Saeed bin Ahmed Al Maktoum has given cryptocurrencies a much needed ‘royals touch’ as he backs Invao, the Liechtenstein-based firm to catch the attention of more investors. Launched in 2018, Invao has been boosted by the Shiekh’s Private Office.

In less than a year, Invao has invested more than $1 million and made a profit despite the slump in cryptocurrencies value. The Private Office’s CEO Hisham Al Gurg said their partnership with Invao is part of the UAE government’s plan to establish itself as a blockchain investment hub by 2021. Reports also highlight that Invao will play a key role in the implementation of the Emirates Blockchain Strategy 2021, to capitalize on the blockchain technology.

Meanwhile, Frank Wagner, the CEO and co-founder of Invao said they are excited about the partnership as it represents a seal of approval from elite business minds across UAE. Wagner said “at Invao, we have the extensive experience, tact and resources to contribute to the ascent of the UAE as a bonafide world leader in blockchain technology and look forward to helping the vision to crystallize.” He further said that the firm’s recent activity across the Middle East has shone a light on the region’s fertile ground for sustained growth and innovation.

The UAE and global investors can access a diversified portfolio of blockchain assets and digital currencies via Invao’s blockchain asset pool.

James Voss

James Voss is a full time writer in CryptoLighty. He holds post graduate degree in computer science and has around one year experience in writing about cryptocurrencies. His technical knowledge and passion for crypto led him to our reporting team. He also interested in analyzing cryptos by technical aspects like different charts.

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