Ras Al Khaimah (RAK) has announced its intention to launch RAK Digital Assets Oasis, a free zone dedicated to digital and virtual asset companies. The announcement was made at Blockchain Life 2023.
RAK Digital Assets Oasis will be dedicated to digital and virtual assets service providers innovating in new and emerging sectors of the future including metaverse, blockchain, utility tokens, virtual asset wallets, NFTs, DAOs, DApp, and other Web3-related businesses. RAK Digital Assets Oasis will be open for applications in the second quarter of 2023.
“We are proud to further the UAE’s position as a primary destination for innovation with the launch of RAK Digital Assets Oasis. We are building the free zone of the future for the companies of the future. As the world’s first free zone solely dedicated to digital and virtual asset companies, we look forward to supporting the ambitions of entrepreneurs from around the world with our progressive, supportive, and quick-to-adapt approach, and our innovation-enabling environment,” Mohammed bin Humaid bin Abdullah Al Qasimi, Chairman of Ras Al Khaimah International Corporate Centre and Chairman of RAK Digital Assets Oasis, said.
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