IOTA Ecosystem DLT Foundation in the UAE has taken a big step toward digitizing global trade and making trade finance solutions more accessible. The foundation intends to invest over $10 million in early-stage startups, ventures, pilots, and infrastructure rollouts. It aims to accelerate TradeTech, Trade Finance, and real-world asset tokenization innovation.

📣The #IOTA Ecosystem DLT Foundation 🇦🇪 just committed $10 million to fuel early-stage startups and ventures in #TradeTech, #TradeFi, & #tokenization. This aims to supercharge #DigitalTrade ecosystems across the Middle East, Africa, Europe & beyond 🌍. 🔗https://t.co/bgrJ0OTy2s pic.twitter.com/BKktl9goK8

— IOTA (@iota) February 29, 2024

IOTA Accelerates Trade Innovation with Startup Investments

This announcement is a big step for blockchain and DLT giant IOTA. IOTA invests heavily in digital trade infrastructure to solve global trade ecosystem issues and make the future more connected and efficient.

Tradetech ecosystem strengthening is the goal of this investment. Tradetech streamlines trade. It covers logistics, supply chain, trade finance, and compliance. IOTA wants to help early-stage startups create trade technology solutions that improve global trade operations by providing tools and guidance.

Besides helping startups, IOTA will invest in Tradetech accelerator programs to develop talent. These programs mentor, fund, and network entrepreneurs to launch their businesses. IOTA wants to attract top Tradetech talent and foster innovation and collaboration.

IOTA invested in Tradetech because they believe digital technologies can change global trade. Blockchain, AI, and the IoT promise unprecedented opportunities to digitize trade processes, reduce waste, and find new value sources across the trade value chain. IOTA wants to use these technologies to simplify, open, and include trade for businesses, consumers, and economies worldwide.

IOTA Foundation’s Investment Paves the Way for Global Trade Digitization

Following a WTO MC13 Trade Logistics Information Pipeline agreement, investment news emerged. Public global trade infrastructure TLIP was created by IOTA Foundation and TradeMark Africa. It facilitates trade by neutrally sharing information. The TLIP Consortium includes the World Economic Forum, Tony Blair Institute for Global Change, Trademark Africa, Institute of Export and International Trade, and Global Alliance for Trade Facilitation. The global trade ecosystem needs digital trade infrastructure.

IOTA says TLIP should allow cross-border trade information. Businesses and governments can make smarter decisions and streamline trade. IOTA wants to invest in TLIP and other projects to create open, interoperable, and welcoming trade infrastructure to boost economic growth.

To connect and streamline the global economy, IOTA uses tradetech and digital trade infrastructure. IOTA makes trade faster, safer, more open, and more accessible using blockchain and other new technologies. IOTA’s smart investments, partnerships, and collaborations will change global decentralized finance and trade.

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Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TradeMark Africa.