ACET (ACT) signs MoU with Saif Belhasa Holding to pave way for blockchain-powered finance in the UAE
The agreement marks a new era for both companies, bringing ACET (ACT) into a diverse range of sectors, including real estate, automotive, retail, hospitality, and finance. SBH, led by Dr Saif Ahmad Belhasa, is a powerhouse with a valuation of over $5 billion and a portfolio of over 50 subsidiaries across key industries.
Strategic Partnership with Multi-Billion-Dollar Impact
The MOU outlines a three-year roadmap to integrate ACET (ACT) as a key financial instrument within SBH's operations, with specific focus on the following areas:
Real Estate: ACET (ACT) will enable luxury real estate transactions, with plans for NFT-based property tokenisation for fractional ownership.
Automotive: SBH's luxury dealerships will accept ACET (ACT) for vehicle purchases and leases, complemented by crypto-backed financing options.
Retail & Hospitality: Token holders will be able to use ACET (ACT) in SBH-affiliated malls, restaurants, hotels, and other businesses, unlocking exclusive VIP perks and discounts.
Financial Services: ACET (ACT) will be used in blockchain-powered financial products, such as staking, lending, and investment funds aimed at institutional investors and family offices.
Smart Contracts & AI Integration: The cryptocurrency will be embedded within SBH's financial infrastructure, enabling seamless transactions and automated business processes.
Institutional Expansion & Government Collaboration: The partnership aims to align with UAE's financial regulations and work with authorities like Dubai's Virtual Asset Regulatory Authority (VARA) and the Abu Dhabi Global Market (ADGM).
Statements from Industry Leaders
Acme Worawat, founder of ACET (ACT), highlighted the global significance of this deal: "By integrating ACET (ACT) into SBH's vast network, we are taking a giant step toward mainstream crypto adoption. The Middle East is poised to become a hub for blockchain-powered financial solutions, and this partnership positions ACET (ACT) at the forefront of that transformation."
Dr Saif Ahmad Belhasa, chairman and founder of SBH, said: "This partnership with ACET (ACT) is a bold leap forward into blockchain finance. We are excited to integrate this cutting-edge digital asset into our business operations, positioning SBH as a leader in digital payments and contributing to the growth of the UAE's blockchain ecosystem."
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