Abu Dhabi’s sovereign wealth fund is investing in the crypto ecosystem

Khaldoon al-Mubarak, CEO of Abu Dhabi’s state-owned fund Mubadala Investment Capital, spoke favorably about cryptocurrencies during his recent interview with CNBC.

He claims that the fund is putting money into the crypto ecosystem, singling out blockchain tech and energy as the top areas of interest:

From our perspective, I think we look at the ecosystem around crypto. And I think we are investing in that ecosystem. That could be that’s in the block-chain technology, energy usage, etc.

Mubadala, which is connected to crown prince Mohamed bin Zayed, has $243 billion in assets under management.

The organization dabbled in crypto back in 2019 by investing in MidChains, the first regulated cryptocurrency exchange in the UAE.

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