The CEO of Mubadala Investment Company: “$240 billion UAE wealth fund will invest in crypto ecosystem”

The CEO and Managing Director of Mubadala Investment Company, Khaldoon Al Mubarak, revealed in an interview with CNBC on December 13 that his organization is considering investing in the “crypto ecosystem.”

Mubadala Investment Company, one of the United Arab Emirates sovereign wealth funds CEO, said that he was not a crypto skeptic and expressed confidence about investments in associated infrastructure.

“I think it’s (crypto) is real, this is a business that had $200 billion worth of value two years ago, and is $2.5 trillion value today and growing. So while many people are skeptics, I do not fall in that category,” Al Mubarak said.

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