In a move likely to pump billions of dollars into the global crypto market, Abu Dhabi’s leading state-owned Mubadala Investment Company admits that it has started investing its assets in cryptocurrency and a blockchain-based ecosystem.

Mubadala invests in a cryptocurrency and blockchain-based ecosystem

Khaldoon Al Mubarak, CEO of the Mubadala Investment Company, announced this in an interview with the US broadcaster CNBC, in which he said that while “many people are skeptical” about the death of cryptocurrencies, it is “not of this kind” may be.

“I think it’s real” he talks about cryptocurrencies.

“I think the regulatory environment is not yet in its final form and it has to exist at some point, which I believe will emerge and help, in my opinion, transform this asset class into something new.” Khaldoon Al Mubarak added.

Al Mubarak stated that the company is researching and investing in the ecosystem surrounding cryptocurrencies. It could be blockchain technology, energy consumption, etc.

According to a statement from Mubadala Investments, its investment strategy is forward-looking with the aim of doubling the size of its portfolio over the next ten years. The company’s ongoing exposure to cryptocurrencies in the United Arab Emirates can help achieve this goal.

About Abu Dhabi

Abu Dhabi state-owned Mubadala Investment Company based in Abu Dhabi, the oil-rich capital of the United Arab Emirates, Mubadala Investment Company says it “manages a portfolio of diversified assets and investments in the UAE and abroad.”

Mubadala invests and works at the forefront of global innovation and growth to create opportunities for future generations. The company continues to support the leadership’s vision as it builds on the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, who envisioned a life of freedom, stability and dignity for the people of this country.

Today, according to the vision of HH Sheikh Zayed bin Sultan Al Nahyan, Mubadala is a US $ 243 billion (AED 894 billion) company spanning six continents with interests in multiple sectors and asset classes. Mubadala is headquartered in Abu Dhabi and has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.

Abu Dhabi’s strategic investment arm, Mubadala Investment Company, is the newest branch to approach the cryptocurrency and blockchain industries.

The crypto industry has evolved from stories like the “Wild West”, “unregulated” and “experimental” into an important aspect of financial infrastructure. She has managed to turn skeptics into supporters and advocates. Today, the potential of cryptocurrencies is huge and the CEO and CEO of Mubadala Investments, Khaldoon Al Mubarak, understands this very well.

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