Khaldoon Khalifa, the chief executive of a $243 billion sovereign wealth fund, reveals his firm will consider moving into the crypto industry.
Furthermore Khaldoon Khalifa Al Mubarak, CEO of the Mubadala Investment Company explains to CNBC. Then, states he believes that crypto “is real.”
“I think this is a business that had what, $200 billion worth of crypto value two years ago,..”
“and it’s $2.5 trillion 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 real.”
More so, Mubadala is a sovereign investment fund in the United Arab Emirates. Also, it has $243 billion worth of assets under management across six continents.
Notably, Khaldoon Khalifa Al Mubarak is a member of the Executive Council of Abu Dhabi. Then, goes further to say that Mubadala can help change the crypto sector.
“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 we’ll come in, and we’ll 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’s in blockchain technology, energy usage, etc.”
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