RAK DAO and India Blockchain Alliance sign strategic partnership
In boost to global cooperation
RAK Digital Assets Oasis (RAK DAO), the world’s first free zone that supports digital assets companies with common law features, has signed a strategic partnership with the India Blockchain Alliance (IBA).
This collaboration aims to create a dynamic, interconnected blockchain ecosystem that fosters global cooperation and drives innovation. Ras Al Khaimah emirate is poised to become a hub for blockchain advancement, with both entities working together to accelerate the integration of blockchain technology across various sectors.
RAK DAO’s partnership with IBA builds upon its growing network of over 400 companies and robust legal infrastructure, offering Indian blockchain businesses seamless access to the UAE market.
In return, UAE-based firms will benefit from IBA’s extensive network within India’s vibrant blockchain ecosystem, which boasts over 115 million crypto users and a flourishing startup scene. The partnership will help connect blockchain pioneers in the UAE and India, creating cross-border opportunities and fostering the scalability of decentralised technologies.
Dr Sameer Al Ansari, CEO of RAK DAO, expressed pride in the collaboration, emphasising its role in strengthening the blockchain ecosystem and highlighting Ras Al Khaimah’s position as a leader in digital innovation.
By linking Ras Al Khaimah’s thriving innovation-driven environment with India’s rapidly developing blockchain community, the partnership aims to unlock new markets and create synergies to enhance blockchain businesses’ growth.
The partnership underscores the importance of regional collaboration in realising blockchain’s transformative potential. With this initiative, RAK DAO and IBA aim to catalyse innovation, support entrepreneurship, and increase global awareness of blockchain’s ability to address complex industry challenges.
Raj Kapoor, Founder of the India Blockchain Alliance, highlighted that the partnership will foster a collaborative blockchain ecosystem, unlocking the technology’s potential to drive meaningful advancements.
Aligned with the UAE’s ambitions to become a leading global technology hub, RAK DAO is focused on building a robust ecosystem that attracts diverse talent and companies. By providing a transparent legislative framework, RAK DAO enables businesses to scale while maintaining security and regulatory compliance.
Hero image: India’s vibrant blockchain ecosystem boasts over 115 million crypto users. Credit: Alesia Kozik
