UAE – Mubasher: GRIP, an investment banking and wealth management firm headquartered in the Dubai International Financial Centre (DIFC), will conduct the region's first digital security capital raise.
The company will raise multi-million dollar capital for Japan's Lead Real Estate in July by issuing digital securities representing investor shares, according to a recent press release.
The innovative issuance is the first internationally compliant digital securities in the Middle East, Africa, and South Asia (MEASA), which comes along with GRIP's plan to set up the region's first private securities marketplace in the DIFC.
A number of lawyers, service and technology providers, and regulated firms from different countries, including the UAE, the US, Japan, Hong Kong, and the Cayman Islands, have cooperated for this offering.
The CEO of DIFC Authority, Arif Amiri, said: "Innovation like this will propel economic development in the region and illustrates how DIFC is driving the future of finance."
The CEO of GRIP, V.Gowribalan, noted: "At GRIP, we are keen to be involved with cutting edge investment opportunities, and our pipeline is made up of Green Bonds and Impact investments from clients that range from Japan, Mexico, Georgia, and the GCC region."
