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.