MBS Global to Invest $8.8 Billion in Maldives Blockchain Hub, Exceeding Nation’s GDP

The Maldives has announced plans to establish a blockchain and digital assets financial hub with an investment of approximately $9 billion. The initiative is aimed at attracting international investors and addressing the country’s financial challenges. MBS Global Investments, a Dubai-based family office, will invest $8.8 billion to develop the hub. The planned investment is more than the annual GDP of the Maldives. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io