Singapore-based Stratez Capital has entered into a strategic partnership agreement with UK-based NewTek Holdings to jointly develop Middle East’s real estate projects and commodity trading utilizing blockchain and Web3 technology.
The Middle East has been identified by NewTek as a priority market, and the company is initially looking to focus on major real estate projects in Dubai.
“This is an exciting partnership, and in line with the investment and strategy objectives of the company, and we feel we can add huge value with our expertise and investments. NewTeK brings real asset value and a clear vision in one of the fastest-growing areas where real-world assets combine with future Web3 and blockchain technology.”
Mr. Qurashi, CEO of NewTek, said that “I’ve been very impressed by the depth and variety that Stratez brings to this new partnership, and am thrilled to be working with them. NewTek sets out to integrate the technology behind blockchain, NFTs and Web3 into the world of real estate and commodity trading. We have clear objectives, and I’m confident that Stratez can play a key role in turning our vision into reality.”
“This partnership connects us with some very impressive Stratez partners, and I’m looking forward to the opportunity to work with world-renowned luxury brands. We’ll be announcing more details about the new venture in the coming weeks. But basically, we’re working to allow the fractionalization of exclusivity within the two safest real-life asset classes, real estate and commodities,” Mr. Qurashi added.