Leading blockchain platform Hoo to make Dubai its global HQ

By TECHx Editorial

Hoo, one of the world’s leading blockchain asset service platform, has found in Dubai an ideal ecosystem to base its global operations, said its founder while debuting at the Future Blockchain Summit.

The three-year-old Hoo Group is making its first regional appearance at the the Summit, which is being held from today till Oct. 20 at the World Trade Centre in Dubai.

Rexy Wang, founder of Hoo, said:“Dubai is a great springboard for Hoo; we can put the core team of developers and products in Dubai. When we expand into other regions such as Europe, America, Southeast Asia, etc., we will also build a market and operation team based on local conditions.”

Wang added that under the favourable policy environment in Dubai, Hoo has reached a cooperation with the Dubai government and will use the entire office building provided by the Dubai government as its global operation headquarters to carry out global business based on the Middle East region.

Hoo Group’s business offers the entire blockchain ecosystem with over 2.4 million users covering more than 120 countries and regions worldwide. In fact, Hoo is more than a blockchain platform as it offers an ecological infrastructure, technology research and development, industry research, etc. to support the local growth of blockchain technology and applications. 

Initiated by the Dubai Government in 2018, the Future Blockchain Summit, the largest of blockchain technology and application exhibition in the Middle East and North Africa, brings together the world’s top blockchain technology developers, innovative companies, and investors to showcase the changes that blockchain brings to the world.

Compared with the prohibition of crypto-asset trading activities in some countries, Dubai’s relevant regulatory policies give Hoo the operability to apply for becoming a compliant operation platform.

Friendly policies, openness and tolerance and support of the blockchain ecosystem are some of the main reasons for Hoo’s choice of Dubai, according to Wang. It is this support for the crypto economy has made Dubai attractive to many crypto-asset trading platforms, with Hoo establishing its global operation centre here soon. 

“In Dubai, there are people from all over the world, relying on its geography and culture. Dubai can attract the attention of users from the Arabian Peninsula and Arab countries, and this market is still quite big. In addition, Dubai is located in the middle of the Middle East, not far from Europe, Southeast Asia, India and other countries and regions, and can also provide services for global compliance countries and regions,” he said.

Founded in 2017 as a cryptocurrency wallet, Hoo.com quickly grew into a well reputed wallet in the field in just two years, and has become a world’s leading blockchain assets service platform, aiming to provide safe and reliable assets management and blockchain services to users worldwide.