Abu Dhabi-based Company Royal Group Increases Investments in Cryptocurrencies
The Abu Dhabi-headquartered Royal Group, one of the largest financial companies from the United Arab Emirates, has decided to increase its investment in digital currencies as the UAE emerges as a hub of the blockchain industry.
The company is recognizing the great potential of this asset and is prepared to invest in promising projects in the cryptosphere.
As well as this, the $1 billion portfolio the Royal Group holds is mainly comprised of commodities, which will become more valuable as the world economy recovers from the predicted recession in the US.
This move is similar to other Asian financial corporations, as revealed by a Goldman Sachs survey which showed that around 30% of family capital holders have already invested in cryptocurrency.
