Venom Corporation is licensed by ADGM in the UAE to build an infinitely scalable blockchain platform

Venom Corporation is licensed by ADGM in the UAE to build an infinitely scalable blockchain platform

Dubai, United Arab Emirates: The Venom Foundation is registered as the first crypto institution in ADGM, with a license to operate the blockchain and issue tokens. ADGM is known as a fintech oasis for investors and financial services companies in the region and around the world. The next essential step of the Venom Blockchain – its launch – will be announced soon.

Venom Blockchain is a dynamic segmentation asynchronous blockchain technology, which has made an unprecedented leap in the development of blockchain technology globally, leading to market development without borders, and higher security guarantees with decentralization. The Venom Foundation is a leader in three core directions, such as core infrastructure, in-house project support, and a developer-friendly platform, each of which delivers new solutions to solve pre-existing problems in the crypto market. Although the most valuable feature of the MENA market is the technology that enables businesses and large corporations to make an easy and secure transition to the globalization of Web3, managing aggregate data transaction flows without getting bogged down by increasing fees and transaction times.

The main priority of the Venom Foundation is to develop and support a self-sufficient blockchain ecosystem that has already achieved significant results: a non-trusted wallet (VenomWallet mobile application and desktop browser extension) with a Multisig accounts option And the Arbitrage the supportAnd the VenomScan (to keep everything transparent by accessing transaction history), Venom Bridge (allowing interchain transactions to be done quickly, with a lower price), swimming pools (to participate in the auditor contract), Venom Gate (easy gateway to venom tokens), Web3.World (The original decentralized exchange) was built. Developers, companies and government authorities will be able to engage the Venom Foundation to create new products such as NFT . MarketAnd the Derivatives exchangeAnd the stablecoin backed by fiat currencies, and many others Potential to become a bridge towards widespread adoption of digital currencies for central banks in the UAE, other MENA countries and the world. Subject to relevant regulatory approvals, the Venom Foundation will work with ecosystem participants to ensure that these products are offered in a compliant manner in a trusted and well-regulated ADGM environment.

Nowadays, entrepreneurs in the MENA region are the pioneers in embracing global crypto trends, thus there is a vital need for companies to think about the decentralized globalization of data flows for businesses as well as government and social projects. The Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, has launched its framework to regulate the activities of spot crypto assets, including those conducted by exchanges (MTF), custodians and other brokers in the Abu Dhabi Global Market. This follows the need to mitigate the full range of potential risks associated with crypto-asset activities and shows that security remains the number one priority for the direction of the market itself.

Venom blockchain is an exciting project of pioneers and early adopters that has been developed and supported by great market professionals and industry leaders who were involved in its development and potential launch. Mustafa KhraibehAnd the Dr. Kai Oi Steke They are members of the organization and have provided full support to the project team and their unique and unparalleled expertise.

Mustafa Khraibeh He is the CEO of Iceberg Capital; He is also the CEO of VENOMEX, a multilateral trading facility and custodian of digital assets fully licensed and regulated by the ADGM FSRA; Member of the Board of Directors of Mirabank, Australian Gulf Capital, Quantum Age Corporation; And a member of the Steering Committee for Pathway 20. Mustafa Khraibeh He was named the 50 Best Managers in the MENA region for two years in a row and is well known for creating and building value within companies. Held key positions across organizations in the UAE, Egypt, Jordan, Bahrain, Saudi Arabia and the UK; He was a board member of several locally and regionally listed bodies. Dr. Kai Oi Steke A Swiss/German lawyer at law, who manages the Pontinova Circle investment group, has extensive experience in FinTech and has a global presence with offices in Switzerland, Germany and Abu Dhabi. Both have played an integral role in supporting and founding Venom and strongly believe that this project will in the near future become among the world’s leading blockchain platforms, due to the willingness and dedication of its team to improve and improve usability.

The Venom Foundation has an exceptional team of widely known professionals, influential figures in the technology industry, the investment sector and passionate entrepreneurs such as Peter KeynesAnd the Osman SultanAnd the Chahal M. Khan. Peter KeynesPh.D., former CEO of Global Investments at BlackRock, and founder of Knex Ventures, is an industry leader and savvy technology and financial technology investor with a focus on data and data-driven decision making. Osman SultanA former CEO of DU Telecom and founder of Fikratech, he is a visionary leader and one of the pioneers in the MENA region with 35 years of experience in the telecom field. Chahal M. KhanBurkhan World, founder of Trinity Hospitality Holdings and CEO of Burtech, is a strategic investor and economic leader in alternative global finance and new economic theory related to digital assets.

The future for this sector is bright, and it is clear that the industry needs a blockchain platform that will be flexible enough to communicate with different dimensions of market participants through its own customization service. The Venom blockchain will be pioneering and becoming a platform that brings a new customized approach to the global market.

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*source: AETOS Wire

Contacts
Melwyn Abraham – melwyn@matrixdubai.com

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