Abu Dhabi, UAE – Jibrel, a blockchain-based financial technology company, recently announced that they have successfully tokenized shares belonging to the following 6 startups and SMEs:
Arabot.io: The first intelligent Arabic bot to help businesses improve customer’s experience and deliver an enjoyable journey using Arabot’s conversational A.I. platform.
SmartCrowd.ae: The MENA region’s first regulated digital platform for real estate investments through crowdfunding.
Maqsam.com: The most cost-effective cloud telephony solution for SMEs and remote teams across the MENA region.
Mindrocketsinc.com: A company on a mission to make the web accessible for 80% of the world’s Deaf Community who cannot read or write.
Kaderapp.com: A mobile-based marketplace that connects job seekers with businesses in the service sector at a click of a button.
Addenda.tech: A B2B InsurTech that is on a mission to digitize motor insurance recovery by bringing a consortium of insurance companies onto the blockchain.
Tokenization is the process of converting rights to an asset into a digital token that sits on the blockchain. Using digital securities, companies can access and manage a global investor pool, all while ensuring they remain fully compliant to relevant regulation and legislation. “Jibrel’s tech-enabled financing platform improves accessibility while ensuring investor protection through legally enforceable digital equities,” commented Talal Tabbaa, the company’s co-founder and COO. “Allowing ventures to digitize their equity allows them to compliantly approach global investors, while simultaneously providing the tools to manage this larger investor base more effectively.”
Founded in 2017, Jibrel has rapidly developed its technological and operational capabilities in the MENA region as well as internationally. Along with leading law firm Eversheds Sutherland, Jibrel has created a framework to allow companies to digitize their shares seamlessly and affordably. This framework is implemented in the company’s flagship product, Jibrel.com, a fully-regulated private financing and equity management platform. To deliver this solution, Jibrel is working under the regulatory supervision of the Abu Dhabi Global Market Financial Services Regulatory Authority (‘FSRA’).
The news follows Jibrel’s recent success in winning the 2019 FinTech Abu Dhabi Innovation Challenge. Furthermore, in 2018, alongside Al Hilal Bank, Jibrel settled the first blockchain-powered Islamic Bond (“Smart Sukuk”), as part of Abu Dhabi Global Markets Regulatory Laboratory (ADGM RegLab).
Jibrel’s new private financing platform is launching in several stages over the coming months. Visit www.jibrel.com to sign up for progress updates from the team, including new startups added to the platform, information on closed rounds, and other developments.
To become startup #7, apply today at jibrel.com/en/raise. To get on the list to invest in one of our startups, sign up and complete KYC at jibrel.com/en/invest.
Media ContactCompany Name: JibrelContact Person: RepresentativeEmail: Send EmailCountry: United Arab EmiratesWebsite: https://jibrel.com/
