- RAK DAO, the world’s first and only freezone dedicated to digital asset companies which was formally launched on 19 Oct 2023 achieves a significant milestone with 111 licences issued in less than a year, affirming its prominence in the freezone sector.
- RAK DAO also celebrates the launch of DAO Hive as an innovative business center, offering flexible membership packages to empower entrepreneurs in Ras Al Khaimah’s virtual asset landscape.
Ras Al Khaimah, March 18, 2024 / AlexaBlockchain/ – RAK DAO, Ras Al Khaimah Digital Assets Oasis, proudly announces a significant milestone in its journey as it celebrates issuing over100 licences to global companies. This achievement solidifies RAK DAO’s position as the freezone of the future, and confirms the significant and growing global interest in the virtual assets sector.
Officially launched in Oct 2023, RAK DAO has already issued over 100 licences to global companies, with India emerging as the top country with 15% and China closely following in second place. This significant achievement underscores RAK DAO’s ability to attract entrepreneurs from thriving economic powerhouses and provide them with the resources they need to succeed.
These global entrepreneurs not only leverage RAK DAO’s strategic location in the UAE but also tap into its comprehensive ecosystem of services meticulously crafted to meet their evolving needs. From blockchain and AI services to consulting, RAK DAO equips its licensees with the essential tools and support required for success in the digital era. With the majority of companies registering with RAK DAO being global web3 and blockchain entities, the ecosystem fosters a thriving environment for cutting-edge innovation and technological advancement.
DAO Hive, the innovative business center unveiled by RAK DAO, is reshaping the virtual asset landscape in Ras Al Khaimah. While Dao Hive offers flexible membership packages for entrepreneurs to flourish in a collaborative environment with state-of-the-art amenities and networking opportunities, the heart of this success lies in RAK DAO’s dedication to empowering global businesses.
“As we celebrate this remarkable milestone of issuing over 100 licences in well under a year, we reaffirm our commitment to driving innovation and fostering growth within the global web3 and blockchain sector,” says Dr. Sameer Al Ansari, CEO of RAK DAO.
“DAO Hive stands as a testament to our vision of creating a dynamic ecosystem where pioneering ideas converge and businesses thrive. This achievement not only underscores the success of RAK DAO but also reflects the resilience and dynamism of Ras Al Khaimah’s business landscape. We are proud to be at the forefront of shaping the future of the web3 industry, offering global entrepreneurs unparalleled opportunities to flourish within DAO Hive and beyond.”
As DAO Hive emerges as an epicenter of growth and innovation within the virtual asset realm, RAK DAO continues to lead the way in shaping the future of freezones. With unparalleled opportunities for global businesses to flourish and succeed, RAK DAO reaffirms its commitment to driving economic growth and fostering a thriving entrepreneurial ecosystem in Ras Al Khaimah and the UAE.
About RAK Digital Assets Oasis
RAK Digital Assets Oasis (RAK DAO) is the world’s first and only common law Free Zone established to support and nurture virtual assets companies. In the UAE Emirate of Ras Al Khaimah, RAK DAO offers a transparent legislative framework that simplifies the process of opening and operating virtual assets companies. By fostering a vibrant ecosystem and providing comprehensive services, RAK DAO drives the future of emerging sectors, propelling innovation, and unlocking the potential of digital assets. https://www.rakdao.com/
Source: RAK DAO
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