Arabian Chain
Jumeirah Living, Marina Gate. M Floor, Dubai Marina, Dubai, United Arab Emirates
Overview
They are a group of multinational, talented and diverse professionals aiming to bring the next big thing in blockchain technology into reality. The group was founded by Mohammed Alsehli and Walid Messaoudi in February 2016. In ArabianChain, they aim to revolutionize the way how Governments, Businesses and People perceive and deal with Economy, E-Services and Digital transformation by leading the way in entrepreneurial thinking and innovation in blockchain technology. Their unique collection of experiences from top international firms such as Microsoft, Dell-EMC, Ericsson and Oracle in addition to our vertical business domain knowledge in banking, telecommunications, healthcare and public sector puts us in an advantages position to bringing positive change to one of the most vibrant cities in the world, Dubai.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Blockchain
- Cryptocurrency
- Financial Services
- Information Services
- Information Technology
Investment portfolio
- Jibrel Network
Participated · Equity · Nov 2017
Jibrel Network offers a decentralized protocol that mints asset-backed tokens (CryptoDepository Receipts, or CryDRs) representing traditional financial assets such as equities and commodities. Its smart tokens embed regulation so on-chain transfers follow real-world rules and compliance. The protocol runs on the Ethereum blockchain and aims to translate real-world regulation into code to enable smart regulation and governance. The company completed a token sale in which it sold Jibrel Network Tokens (JNT) and reached its hardcap. The sale attracted participants from over 140 countries and recorded 9,678 sign-ups and 5,156 contributions, indicating broad global interest. The token sale raised $30M, providing initial funding to support protocol development and deployment. Jibrel Network specializes in blockchain implementations for banks and non-bank financial institutions and has built consumer-facing tooling to hold tokenized assets. The company launched the jWallet alpha to store, transfer and convert ERC-20 tokens and says the wallet holds no user data and stores keys locally. jWallet is open source, can be run locally, and a mobile version is available. Jibrel has created asset-backed tokens for six fiat currencies (USD, GBP, EUR, RUB, AED, CNY) and describes a model in which users buy JNT to purchase those tokens from the Jibrel DAO. The team positioned the wallet as an enterprise-grade solution designed to balance security and usability amid ongoing wallet hacks. Jibrel’s advisory board includes Don Tapscott and Eddy Zuaiter.
Team
No current team members are available.