RAK recognizes the transformative power of digital assets and the unique economic growth
RAK Digital Asset Oasis (DAO) is a first free zone dedicated to digital and virtual assets in the UAE. It is an innovative set up to transform digital growth in the Emirate and across the country. The UAE’s strategic initiatives to bolster its position as a global hub for digital assets are commendable, reflecting a proactive regulatory approach that has attracted notable companies like Binance. The establishment of the Digital Assets Oasis (DAO) in Ras Al Khaimah represents a significant milestone in this transformation, providing an optimized environment for digital asset companies to thrive.
The recent Building the Future – RAK DAO Conference, attended by over 2,000 industry executives and professionals, highlights the emirate’s vigorous commitment to fostering digital innovation. Events like these not only facilitate knowledge sharing and networking among industry leaders but also signal to the global market that the UAE is serious about becoming a leader in the digital asset landscape.
In his keynote address at the Digital Assets conference in Ras Al Khaimah, Sheikh Saud bin Saqr Al Qasimi emphasized the UAE’s transformation into a thriving startup nation, fostering an innovative landscape for global talent. He noted that the UAE has gained recognition as the premier hub for digital assets in the Middle East, appealing to both regional and international investors.
Sheikh Saud remarked on the significant progress made in creating an ecosystem conducive to entrepreneurship, stating, “Everything you see here is a startup.” He highlighted the commitment to breaking down barriers and embracing the future, which allows diverse talents from around the world to chase their dreams and achieve success in the UAE. His comments underscore the country’s strategic focus on innovation and investment in emerging technologies. He cited key initiatives like the UAE National Strategy for Artificial Intelligence 2031, which aims to leverage AI for economic advancement and enhanced quality of life. He also articulated Ras Al Khaimah’s active role in this digital transformation journey.
Sheikh Saud noted that Ras Al Khaimah is already reaping the benefits of this strategic vision, with leading companies in blockchain and digital assets increasingly selecting it as their operational base due to its supportive ecosystem. Within just one year, RAK DAO has established important partnerships that enhance its role in the global digital assets market.
Overall, the combination of a supportive regulatory framework, dedicated infrastructure, and collaborative events positions the UAE, particularly Ras Al Khaimah, as a key player in the evolving world of digital assets. As this landscape continues to develop, it will be interesting to see how these initiatives influence global trends and attract further investment and innovation to the region.
