NEWS
SRTI Park partners with Future Cities
Catapult Services
It also promotes the emirate as a world class
research and innovation hub.
The implementation of projects covered
under the MoU will begin with remote
desktop research and stakeholder
engagement in September 2018 and will
go on until February 2019. Furthermore, the
partnership will explore ways to develop the
SRTI Park into a world-class Smart City and
to position it as an indicator of the progress
made by Smart Cities in the region. The
development of the park as a testbed for the
expansion of technological innovations and
the integration of latest technologies will
also remain as major focus areas.
Sharjah Research Technology and
Innovation Park and Future Cities Catapult
Service have launched a partnership
A
partnership has been established
between the Sharjah Research
Technology and Innovation (SRTI) Park
and Future Cities Catapult Services. The
partnership between the park, an initiative
of the American University of Sharjah
Enterprises (AUSE), and the organisation,
a UK government institution dedicated to
developing innovative products, services
and infrastructure to meet the smart
needs of communities, seeks to promote
cooperation between the UK and Sharjah
and further build SRTI Park’s reputation as
a futuristic institution.
In addition to encouraging private sector
companies to invest in Sharjah, the
partnership will also attract international
companies especially from the UK and other
leading global Smart Cities, to take advantage
of the services offered by the park.
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US tech company to expand
presence in Abu Dhabi
S
ecurrency, a US based provider of
financial and regulatory technology
products, is aiming to expand its operations
in Abu Dhabi. The company hopes to secure
a licence to operate a crypto-asset business
with strategic partners under the new
Abu Dhabi Global Market (ADGM) crypto
regulatory framework. Securrency will file
an application with the Financial Services
Regulatory Authority (FSRA) of ADGM, the
international financial centre in Abu Dhabi.
The company will partner with top global
Blockchain companies and industry leaders
to create and launch a fully-regulated
crypto-asset business for institutional clients
globally. Leveraging Securrency’s top-tier
security and compliance tools, this platform
will provide institutional-grade crypto
custodial services, as well as an exchange
platform accessing large-scale global
liquidity. Wai Lum Kwok, Executive Director,
Capital Markets, Financial Services Regulatory
www.intelligentcio.com
Authority of ADGM, said: “As an international
financial services regulator, we welcome
innovators, businesses, and financial firms
to make use of our regulated platform to
conduct and grow their businesses. We are
encouraged by Securrency’s plans to submit
an application to set up a marketplace
for digital assets in ADGM. Along with
their strategic partners, Securrency will
leverage our comprehensive regulatory
regime to foster governance, efficiency and
transparency in crypto asset activities.”
INTELLIGENTCIO
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