Keeta and ASK Group Launch UAE Venture

Blockchain company Keeta and UAE investment group ASK Group announced a joint venture focused on cross-border payments and the tokenization of Gulf commodities. The partners plan to modernize international money transfers across the Middle East and other regions.

Their second goal is to create a marketplace where investors can gain direct exposure to tokenized physical commodities from the Gulf, including oil, gold, silver and other industrial resources. The partnership also plans to launch a public exchange powered by Keeta by 2027. On the platform, physical commodities held in audited custody would be represented by digital tokens backed one-to-one by real assets.

The venture will be based in the UAE. Future stages of the project are expected to expand into additional payment corridors, commodity categories and markets across the Gulf region, Africa and India.

Image: Magnific