UAE - DIFC witnessing first issuance of digital securities
Thursday, 07 23 2020, Category: Technology, Country: U.A.E
Dubai International Financial Centre, DIFC, has announced that one of its clients is undertaking a ground-breaking capital raise.
Investment banking and wealth management firm GRIP (DIFC) Ltd. will conduct a multi-million Dollar capital raise for Lead Real Estate this month, through the innovative issuance of Digital Securities representing Investor Shares.
The issuance is the first major globally compliant digital securities offering in MEASA, marking a key milestone for DIFC and Dubai. GRIP is also on course to establish a private securities marketplace within the Centre - a first for the region.
The announcement reinforces DIFC’s vision to drive the future of finance. The issuance also cements the DIFC’s position as the leading financial hub in the region, thanks to its robust, yet innovative legal and regulatory framework which helps nurture innovation and adoption of technology.
DIFC’s regulations, laws and structures have enabled GRIP to become the first company in the MEASA region to establish, manage and distribute an international capital raise using Digital Securities as a medium of issuance.
Source:
urdupoint