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

The new subsidiary has appointed Hadi Kabalan as CEO.

‎180 Capital, a Middle East-based Fintech firm, has officially launched a blockchain-‎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.‎

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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.‎

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Mr. Kabalan advocates the disruptive potential of cryptocurrencies 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.” ‎

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