A Dubai Royal Is Taking His First Steps Into Crypto
Cryptocurrency mining rigs.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Dubai royal Sheikh Saeed bin Ahmed Al Maktoum is backing cryptocurrency fund manager Invao as the Liechtenstein-based firm seeks to attract more investors from the United Arab Emirates.
Sheikh Saeed’s private office will help Invao, which invests in cryptocurrencies and blockchain start ups, secure funding from investors in the Gulf state. The Private Office, as its known, makes its own investments, as well as sourcing deals for others.