Dubai Chamber Forms Digital Assets Business Group

Dubai Chamber announced the creation of the Dubai Digital Assets Business Group (D2A2). The new body is expected to work on strengthening the role of the digital asset industry in the UAE.

Key objectives of D2A2 include promoting the digital asset industry in Dubai, boosting transparency through market intelligence and data and supporting the interests and growth of digital asset companies.

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, and Chairman of Dubai Chamber of Digital Economy, noted that A2D2 provides an ideal platform for companies operating in the digital asset sphere to unify their voices, address market challenges and align their ambitions.

Among other aims, Gaurang Desai, chairman of D2A2, also sees its role in fostering international cooperation and enhancing domestic expertise in digital assets.

We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets. That is why it is very important to work towards creating a bridge for the digital asset industry to further integrate into the world economy by cooperating with counterpart organisations across the world. We wish to welcome all experts in the industry to come and join D2A2, to help us spread the principles of accountability, integrity and transparency,

said Gaurang Desai, chairman of D2A2.

The move comes after Dubai announced the launch of its Metaverse Strategy in mid-July and established Higher Committee for Future Technology and Digital Economy.