The Hashgraph Association and Blade Labs have partnered to drive digital transformation using the latter’s conventional and Shariah-compliant digital securities platforms. The CEO of Blade Labs described the Hashgraph Association as a strategic investor that enables the company to integrate its cutting-edge digital asset solutions with more businesses in the Middle East and beyond.
Hashgraph Association and Blade Labs Partner to Drive Digital Transformation in the Middle East
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Integrating Distributed Ledger Technologies with Traditional Financial Services
The Hashgraph Association (THA), a non-profit organization based in Switzerland, has partnered with Blade Labs, a Qatar Financial Center-licensed fintech company, to drive financial inclusion in the Middle East. This strategic collaboration aims to foster digital transformation by integrating distributed ledger technologies with traditional financial services.
As part of this partnership, Blade Labs will deploy both conventional and Shariah-compliant digital securities platforms. According to a statement, these platforms are expected to reduce enterprises’ operational costs, enhance liquidity, and improve collateral management through the tokenization of funds.
Kamal Youssefi, President of The Hashgraph Association, emphasized his organization’s commitment to the region. He stated:
“The Hashgraph Association is actively invested in ensuring digital enablement and inclusion, particularly, in the Middle East. Our strategic investment in Blade Labs, which provides innovative fintech solutions in the region, is testimony to our commitment to empowering enterprises with Web3-compliant solutions.”
As reported by Bitcoin.com News in May, the Hashgraph Association also partnered with the Qatar Financial Center to launch a $50 million digital assets venture studio. This partnership seeks to assist companies in developing compliant decentralized finance ( defi) solutions. A few months before that, the non-profit organization partnered with the Saudi Arabian government to launch a $250 million deep tech venture studio.
Meanwhile, Sami Mian, CEO of Blade Labs, characterized the Hashgraph Association as a strategic investor that enables his company to integrate its “cutting-edge digital asset solutions with more businesses in the Middle East and beyond.” He added that the partnership also helps Blade Labs grow and empower ecosystems that will drive digital transformation.
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