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Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors. London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand. The service is expected to be first rolled out in Abu Dhabi, United Arab Emirates, by its new arm in the country, Copper Securities. The company is reportedly in the process of securing regulatory approval from local authorities. Copper plans to use blockchain technology to provide securities financing and other payment solutions to institutional clients over the coming months. More than 90 markets around the world will be accessible through the new platform, said the company. Copper acquired its securities arm earlier this year with the goal of offering tokenized securities wi...

The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge. The United Arab Emirates (UAE) Ministry of Climate Change and Environment (MCCE) is developing a carbon credit system in a preliminary partnership with Industrial Innovation Group and Venom Foundation. Blockchain technology is utilized by organizations and countries to track carbon credit s. Due to the immutable nature of data inscribed on-chain, these credit s can be securely sold or traded with total transparency for all interested parties. This allows government organizations, such as the UAE’s MCCE, to sell or issue credits to businesses. Credit holders can either spend the credits — which allows them to emit a specific amount of carbon over a given period of time — or sell and trade them to other organizations looking to offset their own emissions. Related: Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub UAE lead...