Dubai Commodities launches the Crypto Tower with a rental area exceeding 150,000 square feet

DMCC, in partnership with REIT Development, announced the launch of Crypto Tower, the iconic project in Jumeirah Lakes Towers.

A statement issued yesterday stated that this project, consisting of 17 floors, will support the growing community in the Dubai Multi Commodities Center, and includes companies specialized in “Blockchain”, decentralized finance (DeFi), and “Web 3”, which enhances the center’s position. A global destination for innovation and advanced technologies.

In addition to the current headquarters of the “Crypto” Center, affiliated with the Dubai Multi Commodities Center, in the “Uptown” tower, the new tower will provide an advanced space that will be added to the “Dubai Commodities” ecosystem, encouraging innovation, cooperation, and business prosperity within the Dubai Multi Commodities Center.

Crypto Tower will provide a state-of-the-art infrastructure and state-of-the-art facilities, seamlessly integrated with advanced artificial intelligence solutions powered by the Chatoshi.ai platform.

The tower, whose leasable area exceeds 150,000 square feet, will consist of nine floors of advanced offices designed specifically for emerging and major companies in the crypto field, and three additional floors will be allocated to support blockchain technology incubators, venture capital companies, and investment companies, in An entire floor will be dedicated to artificial intelligence innovations powered by Chatoshi.ai.

The tower will rely on Blockchain to facilitate tenant interactions and complete their transactions through electronic voting mechanisms based on Blockchain technology, shared resources, smart contracts, and other automated services. Thus, the tower will significantly enhance the level of trust and transparency and reduce administrative burdens, which will It sets a new standard in decision-making and community management mechanisms.

The first CEO and Executive Director of the Dubai Multi Commodities Center, Ahmed bin Sulayem, said: “The Crypto Tower is a pioneering project that combines Blockchain, Web 3, and real estate technologies, with a leasable area exceeding 150,000 square feet,” and he added. “The launch of the tower is a realistic embodiment of the future of Web 3, as Block Chain technology ensures transparency and property rights. It also confirms our intention to continue consolidating the position of Dubai as a leading global center for innovation.”

. 9 floors of offices in the tower are designed for startups and major companies in the crypto field.