1. AIxCrypto Inc. established a Web3 subsidiary in UAE. 2. RAK license enhances operational flexibility and scalability. 3. The UAE is a growing hub for blockchain innovation. 4. Partnerships with regional banks enhance the company’s credibility. 5. AIxC’s initiatives support long-term strategic growth in the crypto market.
FAQ
Why Bullish?
AIXC's strategic move in a crypto-friendly zone may boost its market position and investor confidence, similar to how other crypto companies have surged after regulatory approvals in favorable jurisdictions.
How important is it?
This news indicates significant growth potential for AIXC in a legal and strategic environment, which is crucial for long-term investor interest.
Why Long Term?
The establishment in the UAE sets a foundation for future growth and partnerships, indicating sustained market influence and potential revenue generation.
AIxCrypto Launches UAE Subsidiary and Secures Web3 License for Global Expansion
AIxCrypto Inc. (NASDAQ: AIXC), a leader in AI and blockchain integration, has announced a major development by establishing a regulated Web3-focused subsidiary in the United Arab Emirates (UAE). The company obtained approval for its Web3 license from local authorities, pending final administrative processing. This strategic move positions AIxCrypto to capitalize on the growing Web3 and digital asset economy in one of the world's most innovative jurisdictions.
Significance of the RAK Web3 Operations License
The new subsidiary, located in Ras Al Khaimah Innovation City, enhances AIxCrypto's regulatory certainty and operational flexibility. The RAK Web3 operations license is a crucial infrastructure decision that supports:
- Regulatory Legitimacy: Establishes a solid governance framework in a globally recognized blockchain hub.
- Scalability: Promotes growth in tokenized real-world assets (RWA), AI-crypto infrastructure, and decentralized physical infrastructure networks (DePIN).
- Banking Partnerships: Facilitates compliance and partnerships with UAE banks for fiat-crypto on-ramping.
- Attracting Institutional Capital: Signals maturity and commitment to the regional market, crucial for accessing institutional investment.
- Token Issuance and DAO Development: Enables the establishment of token-issuing foundations and decentralized autonomous organizations (DAOs).
- Exchange and Partner Access: Streamlines partnerships with global exchanges and custodians that require licensed entities.
AIxCrypto's Strategic Vision
The regulatory framework in Ras Al Khaimah aligns with AIxCrypto's long-term strategic roadmap. The company plans to leverage this license to:
- Create a reliable operational base for future DeFi protocol development.
- Enhance engagement with enterprise counterparties through robust compliance measures.
- Attract and retain top talent through residency and operational incentives.
Strategic Statements from Leadership
Jerry Wang, Co-CEO of AIxCrypto, expressed enthusiasm about the new developments, stating, "We are very excited about AIxC obtaining a Web3 license in Innovation City, Ras Al Khaimah, UAE. This strategic development further strengthens our partnership with Ras Al Khaimah and the UAE, and lays a solid foundation for AIxC to expand and conduct Web3 and AI-driven digital-asset businesses on a global scale."
About AIxCrypto
AIxCrypto is a U.S.-Nasdaq listed company dedicated to building a leading ecosystem that integrates AI with blockchain technology. Its offerings include the BesTrade DeAI Agent and various products within the AIxC ecosystem, positioning the company at the intersection of Web2 and Web3.
Forward-Looking Statements and Risks
This announcement includes forward-looking statements regarding AIxCrypto's future operations and performance. Such statements reflect the company's anticipated results and involve risks that may lead to differing outcomes. Factors include market conditions, regulatory changes, and operational challenges that could impact AIxCrypto's strategic goals.