Amana Capital Parent Launches Blockchain-Focused Brand ‘180 Digital Assets’

‎180 Capital, a Middle East-based Fintech firm, has officially launched a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-‎focused brand, named ‘180 Digital Assets,’ which aims to capitalize on the disruptive ‎technology for uses beyond cryptocurrency transactions – primarily, trading, ‎finance, and commerce.‎

‎180 Capital is a holding company that incorporates Amana Capital, Centroid Solutions, and ‎‎514 Capital Partners. The three brands announced their transformational plan to unite their ‎operations back in December 2017, as Finance Magnates exclusively reported.‎

The new subsidiary has appointed Hadi Kabalan as CEO to guide its expansion ‎within the blockchain industry. Hadi brings more than 20 years of technology experience ‎and 180 Capital expects his leadership in the space to advance its initiatives ‎significantly.‎

Mr. Kabalan advocates the disruptive potential of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and ‎blockchain. In 2016, he helped build the EMEA business of Otonomos platform, ‎which allows companies to incorporate on the blockchain. He also participated in ‎the FCA Regulatory Sandbox and Dubai Future Accelerators.‎

‎“Digital assets and the cryptographic technologies underpinning them are ‎disaggregating financial markets and products and redefining a more intuitive user ‎experience for the digital-first generation. We are dedicated to taking a leading ‎role in bringing the benefits of this disruptive technology to clients globally across ‎wholesale and retail markets,” said Hadi Kabalan, CEO of 180 Digital Assets.‎

Commenting on the news, Karim Farra, co-founder of 180 Capital, said: “We believe ‎that DLT is just beginning to scale as it is attracting considerable attention from ‎governments and the private sector who seek to benefit from its inherent superior ‎characteristics.” ‎

‎Ziad Aboujeb, co-founder of 180 Capital, added: “Blockchain has the potential to ‎disrupt many industries including financial services. It is expected to generate ‎‎$10tn worth of opportunities by 2027 and to impact 10% of the global economy.” ‎