A UAE Blockchain Startup Receive $817,000 in Funding

UAE-based blockchain startup ArabianChain received $817,000 from a private investor to further grow its operations.

According to the startup, the funds received came from Arabian Bugshan board member and House of Invention Intl Vice President Ahmad Abdullah Bugshan. “I believe that the region will lead the way when it comes to Blockchain, and ArabianChain is well-positioned to drive innovation and adoption of this disruptive technology,” he said.

ArabianChain was originally founded in the UAE by Alsehil and partners and it has also expanded to Saudi and Kuwait.

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