Digital Assets: Mubadala Investing In The Ecosystem Around Crypto, Says CEO
Mubadala CEO Khaldoon Al Mubarak was speaking on a CNBC International interview.
In a huge plug for the growing acceptance, adoption and legitimacy of digital assets, cryptocurrencies and blockchain, Khaldoon Al Mubarak, the CEO of Abu Dhabi’s Mubadala Investment Company said the fund had started to invest in “the ecosystem around crypto.” (CNBC)
Here are some points that Al Mubarak made during the interview:
- “Well, first of all I think it’s real.
- I think you know this is a business that had what 200 billion dollars worth of crypto value two years ago and it’s two and a half trillion dollars today and growing so I think while many people are skeptics – I do not fall in that category – I think now I see it as as real.
- Now I think the regulatory environment that isn’t there yet in its final form and will have to be there at some point I think will come in and will help I think transition this asset class into something new.
- 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 blockchain technology, energy usage, etc.”
Mubadala Investment Company manages a diverse portfolio of assets and investments in the United Arab Emirates and abroad, holding some USD 243 billion worth of assets under management, with investments in more than 50 countries across the world.
Related Story: Mubadala Invested $29B In 2020
Image Source: CNBC
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