Investment of $20 million in strategy by the Aqua 1 Foundation of the UAE in Above Food
Aqua 1 Foundation Invests $20 Million in Global Industrial Palm, Accelerating Blockchain Innovation
Global Industrial Palm, a leading player in tokenization, stablecoin development, and CBDC infrastructure, has secured a significant investment of $20 million from Aqua 1 Foundation, a UAE-based investment group known for its backing of Web3 infrastructure, financial protocols, and digital assets.
The investment, structured as a convertible note at $2.50 per share, will accelerate Global Industrial Palm's initiatives, propelling the company towards its ambitious goals. Peter Knez, former Chief Investment Officer of BlackRock and now Chairman & CEO of Global Industrial Palm, described the partnership as a defining inflection point.
The collaboration brings together the UAE's financial leadership with cutting-edge blockchain expertise. Through Aqua Labs Investment, Aqua 1 Foundation's UAE entity, Global Industrial Palm will gain an exclusive technology partner. This partnership creates a platform with true global reach, operating from San Francisco, Dubai, Hong Kong, and Singapore.
Aqua 1 Foundation's investment further cements the UAE's position as a central hub for blockchain innovation. Global Industrial Palm's vision for sovereign-scale digital innovation is unmatched, and the company plans to tokenize sovereign assets valued at over $1.5 trillion.
The investment will also facilitate the development of Global Industrial Palm's gold-backed stablecoin, supported by $350 billion in US reserves. The stablecoin has garnered interest from several countries, including Nigeria, Thailand, and the United Arab Emirates, which have expressed their intention to adopt it as a national currency.
Global Industrial Palm also boasts close ties to sovereign partners across the Gulf. With this investment, the company is poised to make significant strides in the realm of digital innovation, setting new standards for the industry.
It's worth noting that Aqua 1 Foundation is also known for its backing of World Liberty Financial, a blockchain platform associated with former US President Donald Trump. This investment marks a significant step forward in the global adoption of blockchain technology and digital assets.
In conclusion, the investment by Aqua 1 Foundation in Global Industrial Palm is a testament to the growing interest in blockchain technology and digital assets. As Global Industrial Palm continues to push the boundaries of innovation, we can expect to see significant advancements in the field of tokenization, stablecoin development, and CBDC infrastructure.
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