Abu Dhabi asset manager Lunate is considering a commitment of up to $1 billion to MGX, the emirate’s state-backed AI investment vehicle, as the UAE intensifies efforts to lead global AI financing.
A Ripple executive praised BlackRock’s inaugural board meeting in Abu Dhabi, framing it as a sign of growing institutional focus on the Middle East and crypto infrastructure. The development could boost interest in XRP for tokenization and cross-border payments.