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AUM of USD 635 Billion at ADFW Caps Stellar Q4 as Trillion-Dollar Club Flock to ADGM

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ABU DHABI, UAE, Dec. 19, 2024 /PRNewswire/ — ADGM, the leading international financial centre of Abu Dhabi and a globally recognised hub for asset and wealth management unveiled nineteen major announcements from global financial institutions during the third edition of ADFW. These represent almost USD 635 billion in assets under management (AUM) and follow other Q4 announcements from the world’s largest asset managers, BlackRock, PGIM, and Nuveen, which have also been set up in ADGM.

This remarkable increase, from USD 450 billion to USD 635 billion, within a year has reinforced the centre’s reputation as the region’s fastest-growing and one of the world’s most dynamic jurisdictions for asset management. This growth has been further bolstered by the establishment of billionaire-led family offices, including those of British businessman Asif Aziz, prominent philanthropist and financial strategist Wafic Said, and Singaporean entrepreneur and real estate leader Kishin RK, underscoring the centre’s growing appeal as a global wealth management hub.

Commenting on Abu Dhabi and ADGM’s continued momentum, H.E. Ahmed Jasim Al Zaabi, Member of Abu Dhabi’s Executive Council & Chairman of the Abu Dhabi Department of Economic Development (ADDED) and ADGM said, “These milestones reflect the heart of what makes Abu Dhabi so special—a shared vision of progress, partnership, and possibility. The growing number of global financial leaders and innovators choosing ADGM is a testament to the trust they place in our infrastructure, robust regulations, commitment to excellence and Abu Dhabi’s reputation as the world’s safest and most dynamic jurisdiction for asset and wealth management. As we welcome these new partnerships, we remain dedicated to driving the growth and diversification of the ‘Falcon Economy’ and creating opportunities that resonate across industries and borders. It’s an exciting moment for ADGM, Abu Dhabi, and all those who are part of this remarkable journey.”

Larry Fink, Chairman and CEO of Blackrock praised Abu Dhabi commenting, “It’s been a long journey watching how Abu Dhabi has matured as an economy. The constant innovation that I’m seeing from the economy and from the leadership. And Abu Dhabi has really positioned itself to become a leader over the next 20 years. Its psychology was different, and now it’s blossoming into this magnet of opportunity. With that strength, it is now becoming a foundation for innovation.”

“We see a real burgeoning of entrepreneurship happening in the region and believe that the Middle East is the next big entrepreneurial hot spot. We’ve watched this happen before and always had our eye out on areas emerging in terms of entrepreneurship,” said Bill Ford, Chairman & CEO of General Atlantic, during the second day of ADFW. 

Sir Paul Marshall, Chairman and Chief Investment Officer of Marshall Wace said, “Abu Dhabi is such a great place. Abu Dhabi is absolutely nailing it. It’s a very attractive place.”

Confirming their establishment in ADGM during ADFW were leading private equity firms General Atlantic, Lone Star Funds, and Investindustrial along with private credit giants Golub Capital and Polen Capital, insurance manager – Eldridge as well as leading global equity management company, Carta and hedge fund Marshall Wace.

This recent wave of commitments from global financial institutions signifies ADGM’s leadership in attracting the world’s foremost investment firms. Reflecting this confidence and growth, billionaire-led family offices have also been drawn to ADGM, recognising it as a trusted hub for managing and growing wealth.

Asif Aziz, Founder and CEO of Criterion Capital commented, “Abu Dhabi’s transformation into a global financial powerhouse makes it an ideal base for our operations. ADGM’s world-class infrastructure and strategic location provide unparalleled opportunities to forge partnerships that align with our growth ambitions across the UAE and beyond.”

Building on its role as a leading destination for global investors and asset managers, ADGM is also redefining financial innovation by advancing its digital ecosystem. A cornerstone of this effort was the launch of Finstreet, a first-of-its-kind international securities market and an ecosystem for private securities, which exemplifies ADGM’s commitment to integrating cutting-edge digital solutions with its robust financial infrastructure. The week also saw a new funding round for Themis and the entry of international digital pioneers Zodia Markets, Polygon Labs, FJ Labs, Aptos Digital, Chainlinks, Astra Tech and Themis, further solidifying the Emirate’s reputation as a global innovation hub.

Meanwhile, FinTech Astra Tech’s Quantix announcement of a landmark USD 500 million financing from Citigroup, among the largest provided to a UAE FinTech company to date, to expand its CashNow consumer lending platform. Additionally, Themis—renowned for its advanced financial crime prevention technologies—is further reinforcing ADGM’s position as a hub for the next generation of financial technologies, secured over USD 9.75 million in scale-up funding, building on its success in partnerships with global leaders, including ADGM underscoring its role in advancing financial crime prevention in innovative regulatory environments.

The market announcements were released during the third edition of ADFW held under the theme “Welcome to the Capital of Capital,” which gathered more than 20,000 leaders and executives from across the financial services industry, which collectively represented more than USD 42 trillion in assets under management.

This wave of newcomers ADFW underscores Abu Dhabi’s position as a global financial powerhouse and ADGM’s role as a catalyst for economic diversification, attracting top-tier talent, cutting-edge technologies, and transformative investments that are shaping the emirate’s future.

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CSharpCorner Announces 2025 Industry-Leading Conference Lineup to Drive Education and Innovation in Software Development

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December 27, 2024

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NEW YORK, Dec. 27, 2024 /PRNewswire/ — CSharpCorner, the world’s premier developer community, is excited to announce its 2025 lineup of industry-leading conferences, addressing the growing demand for events that drive education, networking, and innovation in all areas of software development, including Web3 and AI. These conferences, attended by hundreds of thousands annually, continue to provide valuable opportunities for developers to Learn, Earn, and Grow.

CSharpCorner’s 2025 calendar offers a dynamic mix of virtual and in-person events, providing cutting-edge content, career growth opportunities, and networking with industry experts to support a thriving developer ecosystem.

2025 Conference Lineup:

March: .NET Virtual Conference. A premier event showcasing the latest advancements in .NET technologies, tools, and frameworks to help developers stay at the forefront of innovation.May: Modern Database Conference. Focused on modern database systems, this conference covers trends, solutions, and best practices for efficiently managing data.June: Code Quality Conference. Dedicated to improving software quality, the event explores techniques, tools, and methodologies to write cleaner, more efficient, and maintainable code.July: Cloud Summit. A comprehensive summit covering the major cloud platforms—Amazon Web Services, Microsoft Azure, and Google Cloud—helping developers build, scale, and deploy cloud-based solutions.August: Software Architecture Conference – A deep dive into the principles, strategies, and best practices of software architecture, empowering developers to design scalable and robust systems.October: Action AI Conference & BCrypt Conference. The Action AI Conference highlights the latest breakthroughs in Artificial Intelligence, while the BCrypt Conference focuses on Web3 technologies, blockchain, and decentralized solutions.November: Frontend Days – Angular, React, Vue, and Blazor. A must-attend event for frontend developers to explore trends, frameworks, and tools in building dynamic and engaging user interfaces.December: Growth Mindset Conference. Designed to inspire and motivate, this event focuses on personal and professional development to help developers thrive in their careers and embrace a growth mindset.

“At CSharp, our mission is to empower developers by offering platforms where they can access cutting-edge content, connect with like-minded professionals, and advance their careers,” said Mahesh Chand, founder & CEO of CSharpCorner. “Our 2025 conferences are designed to meet the evolving needs of the developer community, driving innovation in areas like Web3, AI, cloud computing, and software architecture.”

CSharpCorner plays a pivotal role in supporting developers worldwide, equipping them with the knowledge and tools they need to succeed in an ever-changing technology landscape.

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SOURCE CSharp Inc

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Nest Partners with Dinari to Deliver Real World Yield Through First Tokenized Blackstone ETF on Plume

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December 27, 2024

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NEW YORK, Dec. 27, 2024 /PRNewswire/ — Nest, the flagship RWA staking protocol exclusive to Plume Network, today announced the first tokenized Blackstone ETF vault through its partnership with Dinari. Nest’s new permissionless vault features the Blackstone Senior Loan ETF, and will deliver real world yields to DeFi users once the vault is launched on Plume mainnet. This announcement marks a significant expansion of Dinari’s long-term partnership with Plume, as the established tokenization platform brings institutional-grade assets into the rapidly growing Plume ecosystem.

The first tokenized Blackstone ETF on Plume Network joins Nest’s suite of yield-generating solutions, which includes the Treasuries Vault for professional firms and the High Yield Vault for growth-focused strategies.

“By launching this first-ever tokenized Blackstone ETF vault, we’re creating new opportunities for users to access institutional yields,” said Teddy Pornprinya, Co-founder at Plume. “Our partnership with Dinari transforms traditionally exclusive products into accessible opportunities through permissionless infrastructure.”

Through this latest vault, users who stake stablecoins into a vault on Nest receive yield tokens that appreciate in value as SRLN.d, Dinari’s tokenized version of the SPDR Blackstone Senior Loan ETF, generates returns. The ETF provides strong downside protection through floating rate yields indexed to SOFR (Secured Overnight Financing Rate).

The vault benefits from SRLN.d’s key features: competitive yields with automatic dividend accrual and reinvestment, full backing by the underlying Blackstone ETF, and guaranteed 1:1 USDC redemption. Blackstone oversees the management of the underlying assets, while Alpaca Securities provides brokerage services for asset transactions.

The floating rate structure provides natural protection against interest rate fluctuations. Blackstone’s ETF is included in a variety of vaults on Nest, where it provides the base level stability and yield. It’s paired with liquidity from yield-bearing stablecoin protocols Mountain and M^0, serving both retail users and liquidity providers.

Nest’s infrastructure has been secured by multiple firms. The protocol’s smart contracts have been audited by SlowMist, while Trail of Bits and Zellic have audited the broader protocol infrastructure. All Nest vaults, including this latest offering, are assessed by institutional risk manager Cicada Partners.

The integration of Dinari’s Blackstone ETF products marks only the beginning of a longstanding collaboration between Nest and Dinari. Future plans include deeper integration through shared global neobank initiatives and expanded access to highly liquid, yield-bearing assets, all powered by Plume’s infrastructure.

This growing partnership will continue to bring institutional-grade investment opportunities to Plume’s expanding ecosystem of protocols and users.

About Nest
Nest is a flagship staking protocol for users to earn RWA yield on their stablecoins. Designed to be a precisionless way for global users to deposit into vaults, the protocol lets fund managers, issuers, and RWA protocols create their own structured offerings. Audited by Trail of Bits and Zellic, Nest leverages Plume’s unique infrastructure to let its global user base participate in traditionally limited asset classes. For more information, visit https://nest.credit and https://x.com/NestCredit

About Dinari
Dinari is at the forefront of delivering innovative digital economy solutions, empowering individuals and organizations alike. With a steadfast commitment to transparency and accessibility, Dinari specializes in blockchain-based offerings, including the pioneering Dinari Securities-Backed Tokens (dShares), ensuring direct exposure to globally esteemed assets with unequivocal 1:1 backing. For more information, visit https://dinari.com

About Plume Network
Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. For more information, visit https://plumenetwork.xyz

CONTACT: press@plumenetwork.xyz

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SOURCE Plume Network

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Strictly Money Launches Crowdcube Campaign, Inviting European Investors to Fuel its Growth Journey

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December 27, 2024

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LONDON, Dec. 27, 2024 /PRNewswire/ — Strictly Money Ltd, the London-based fintech, has launched a crowdfunding campaign on Crowdcube to invite European investors to fuel its next phase of growth. Crowdcube, Europe’s largest private market investment platform, has powered success stories like Revolut, Qonto, and Monzo. Regulated by the UK’s Financial Conduct Authority (FCA), Crowdcube provides a trusted and innovative platform for investors to participate in transformative ventures.

Strictly Money’s primary objective with this campaign is to accelerate its growth, fuel product development, and expand its shareholder base. The funding will enable Strictly Money to launch its payment card and banking app in early 2025 and to strengthen its market presence in Scandinavia, the UK, and Ireland. The company plans to introduce hedge fund returns products, broadening investment options for consumers by the end of 2025.

Discover how you can be part of Strictly Money’s growth journey by visiting our Crowdcube campaign at https://crowdcube.getstrictlymoney.com.

Will Povey, CEO and Co-Founder of Strictly Money, said: “At Strictly Money, our vision is to empower everyday investors with access to wealth-building tools and opportunities that were previously reserved for high-net-worth individuals. With this crowdfunding campaign, we aim to bring together a diverse community of investors who share our passion for financial innovation and inclusivity. This funding will not only help us launch our innovative debit card and app but also drive the development of new products that deliver real value to our users.”

About Strictly Money:

Strictly Money is a UK-based financial technology company set to launch a debit card and a cutting-edge banking app in early 2025. The company aims to democratize access to high-performing hedge fund returns, providing innovative investment strategies and financial solutions tailored to investors, savers, and entrepreneurs. Strictly Money’s mission is to open up premium investment opportunities traditionally limited to high-net-worth individuals (HNWIs). For more information, visit https://strictly-money.com.

For media inquiries contact:
Mary Prendergast
Email: ir@getstrictlymoney.com 

Important Notice: 

Investing in startups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Please read the full Risk Warning on Crowdcube’s website before deciding to invest.

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