Liv inks MoU with Ctrl Alt to explore tokenization of real-world assets

By Shilpa Annie Joseph, Official Reporter
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Liv signs MoU with Ctrl Alt
Officials during the signing ceremony | WAM

Liv, UAE’s first digital bank launched by Emirates NBD, has signed a Memorandum of Understanding (MoU) with Ctrl Alt, a B2B alternative asset solutions provider, to explore infrastructure solutions related to the tokenization of real-world assets.

The MoU was signed at the Dubai FinTech Summit by Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, and Matt Ong, Founder and CEO of Ctrl Alt.

Marwan Hadi-Emirates NBD
Marwan Hadi
Group Head
Retail Banking & Wealth Management
Emirates NBD

“Liv is the first bank in the UAE to explore offering tokenized real-world asset investing opportunities to customers, and we are delighted to co-partner with a leading infrastructure provider such as Ctrl Alt for this initiative. As the innovation incubator in Emirates NBD Group, Liv has always remained at the forefront of digital innovation, seeking to collaborate with partners to explore and experiment with technologies that are in demand globally and in the UAE.”

Hadi noted that, “According to a report by the Boston Consulting Group, asset tokenization will expand into a $16.1 trillion business opportunity by 2030. Coupled with the growing demand for alternative investment avenues from millennials and the next generation of investors, this represents an opportunity for us to explore the potential of this domain, aligning with our vision to be the most innovative bank for our customers, people, and communities.

The Founder and CEO of Ctrl Alt said that, “At Ctrl Alt, we are passionate about providing accessible infrastructure solutions to the thriving tokenized asset sector from Digital SPVs to Fund Structuring.

“We are really excited to be partnering with Liv who are paving the way for tokenized real-world asset investing. Liv truly represents the future of banking with its clear customer-centric focus on innovation and is waving the flag for the next generation of investors who are demanding diversification. We are excited about the opportunity that this partnership will bring to their customers and cannot wait for what is to come,” Ong further added.

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