Abu Dhabi Chosen as NEOPLY’s Global Headquarters for Blockchain Innovation

by | Jul 10, 2023

In a groundbreaking move that is reverberating throughout the blockchain industry, South Korean technology firm NEOPLY has made a momentous decision to establish its global headquarters in Abu Dhabi. This strategic move, in collaboration with the Abu Dhabi Investment Office (ADIO) and Abu Dhabi Global Market (ADGM), cements the emirate’s position as a prominent hub for blockchain innovation and economic diversification.

NEOPLY’s global headquarters, known as H-Lab, will be located within the esteemed Abu Dhabi Global Market, a renowned financial free zone boasting advanced regulatory frameworks and expertise in virtual assets. This partnership will provide H-Lab with an optimal environment to flourish and set new benchmarks within the industry, harnessing ADGM’s wealth of knowledge and resources.

Abdulla Abdul Aziz AlShamsi, the Director-General of ADIO, highlights Abu Dhabi’s appealing investment climate, state-of-the-art infrastructure, and skilled talent pool, making it an ideal destination for enterprises like NEOPLY. H-Lab will not only generate specialized jobs in blockchain technology but also propel the sector’s growth beyond the borders of Abu Dhabi.

A crucial component of H-Lab’s mission is collaboration with Abu Dhabi’s prestigious universities. By forging partnerships with these educational institutions, H-Lab aims to develop programs and scholarships focused on cutting-edge technologies such as blockchain, Web 3.0, and decentralized finance (De-Fi). This collaboration will ensure a steady supply of skilled professionals and nurture local talent in the rapidly evolving field of blockchain.

NEOPLY’s journey will receive support from the Innovation Programme by ADIO, acting as a catalyst for the development and diversification of Abu Dhabi’s economy. This initiative attracts innovative private sector companies and facilitates their expansion, showcasing NEOPLY’s commitment to driving technological advancements and contributing to Abu Dhabi’s economic landscape.

Abu Dhabi’s appeal to innovative South Korean companies has been steadily increasing due to its supportive business environment and forward-thinking initiatives. Successful collaborations between ADIO and companies like Bespin Global, H2O, and K-BTS Consortium further solidify Abu Dhabi’s reputation as a hub for technological innovation.

ADGM achieved a significant milestone in 2018 by implementing a comprehensive regulatory framework for virtual asset activities, becoming the first jurisdiction globally to do so. This achievement positioned ADGM as the go-to destination for virtual asset investors. Leveraging ADGM’s advanced regulatory framework, H-Lab will collaborate closely with the financial free zone to develop a regulatory framework for De-Fi, aiming to become one of the world’s first regulated De-Fi providers.

As the blockchain subsidiary of Neowiz Holdings, NEOPLY has been at the forefront of decentralized finance (De-Fi) and blockchain technology since its establishment in 2018. With the backing of ADIO and ADGM, NEOPLY aspires to set new standards in the global blockchain industry. By harnessing Abu Dhabi’s infrastructure and collaboration opportunities, NEOPLY is poised to make significant contributions to the growth and development of the blockchain ecosystem.

Abu Dhabi has proactively positioned itself as a global leader in blockchain technology, recognizing its immense potential. The establishment of NEOPLY’s global headquarters in Abu Dhabi underscores the emirate’s commitment to driving innovation and economic diversification. As the world transitions into a more decentralized and digital future, Abu Dhabi’s forward-thinking approach and strategic partnerships with organizations like NEOPLY will undoubtedly propel it to the forefront of the blockchain revolution.

In conclusion, NEOPLY’s decision to set up its global headquarters in Abu Dhabi marks a monumental leap for the blockchain industry. With the support of ADIO and collaboration with ADGM, H-Lab is poised to spearhead blockchain innovation and the development of decentralized finance solutions. Abu Dhabi’s dedication to fostering a thriving technological ecosystem and attracting innovative companies solidifies its position as a global hub for cutting-edge technologies. As NEOPLY embarks on its journey in Abu Dhabi, the future of blockchain and decentralized finance shines brighter than ever.