InvoiceMate has been selected as the winner of the ADIB Ventures Digital Assets Innovation Challenge, hosted in partnership with the DIFC Innovation Hub. This milestone paves the way for a Proof of Concept (POC) with Abu Dhabi Islamic Bank (ADIB) to demonstrate how stablecoin-backed lending can transform digital finance in the UAE.

This allows ADIB, one of the region’s most established and forward-thinking Islamic banks, to leverage InvoiceMate’s Stablecoin-based lending platform, DeFa (Decentralized Factoring protocol), to lend AED-backed stablecoins in a Shariah-compliant framework. With the UAE recently introducing four licensed AED-backed stablecoins, this initiative represents a timely and important step towards practical, institutional-grade adoption of stablecoin technology in the B2B sector.

DeFa by InvoiceMate tokenizes and authenticates invoices, allowing businesses to access credit through a streamlined, secure, and transparent process and enabling stablecoin investors with stable and secure returns backed by real economic activity. To date, DeFa has tokenized over $400M worth of Invoices from over 2300 businesses from multiple sectors, proving that this is not just another fancy blockchain solution but the current need of the market.

This holds a strong potential to set new standards for digital asset-backed financing, rooted in real economic activity and institutional collaboration. As the UAE solidifies its position as a regulated hub for digital assets, initiatives like these stand to redefine how credit is issued and managed, bridging the gap between financial tradition and technological progress.

InvoiceMate has been selected as the winner of the ADIB Ventures Digital Assets Innovation Challenge, hosted in partnership with the DIFC Innovation Hub. This milestone paves the way for a Proof of Concept (POC) with Abu Dhabi Islamic Bank (ADIB) to demonstrate how stablecoin-backed lending can transform digital finance in the UAE.

This allows ADIB, one of the region’s most established and forward-thinking Islamic banks, to leverage InvoiceMate’s Stablecoin-based lending platform, DeFa (Decentralized Factoring protocol), to lend AED-backed stablecoins in a Shariah-compliant framework. With the UAE recently introducing four licensed AED-backed stablecoins, this initiative represents a timely and important step towards practical, institutional-grade adoption of stablecoin technology in the B2B sector.

DeFa by InvoiceMate tokenizes and authenticates invoices, allowing businesses to access credit through a streamlined, secure, and transparent process and enabling stablecoin investors with stable and secure returns backed by real economic activity. To date, DeFa has tokenized over $400M worth of Invoices from over 2300 businesses from multiple sectors, proving that this is not just another fancy blockchain solution but the current need of the market.

This holds a strong potential to set new standards for digital asset-backed financing, rooted in real economic activity and institutional collaboration. As the UAE solidifies its position as a regulated hub for digital assets, initiatives like these stand to redefine how credit is issued and managed, bridging the gap between financial tradition and technological progress.