Gawah Acquires Stake in MASEx as Part of One Belt One Road Initiative to Expand into MENA Region.

MANews-(C)2009-2020

UAE-based conglomerate Gawah Holdings has acquired an equity stake in Taipei-based MASEx, an AI and blockchain-focussed security token exchange, to facilitate global expansion into MENA region, the company said.

Terms of the transaction were not disclosed.

As part of MAS Capital and MAS Capital Universal Exchange's (MASEx) One Belt One Road initiative to connect China to the United Arab Emirates and other countries in Asia, Gawah Holdings and MASEx are forming a joint venture to obtain the applicable licensing once onshore regulation is passed in the UAE and in the Kingdom of Saudi Arabia.

MASEx plans to tokenise and list prime real estate in the UAE through Digital Security offerings to enable access by Asian and Chinese investors for fractionalised secondary trading.

Currently DSO is not allowed in Mainland China, but it is...

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