Heir to 135-year Gulf dynasty is moving a $6 trillion trade market onto blockchain rails
CoinDesk 2026-06-17 11:30:37
Context: Abdulla Kanoo, heir to a 135-year-old Gulf dynasty, is spearheading an effort to move a massive trade market onto blockchain rails through his firm ARP Digital. The market in question involves the growing flow of trade between emerging economies. This initiative aims to develop settlement infrastructure to facilitate this burgeoning trade.
Key Facts
- Abdulla Kanoo's ARP Digital firm is building settlement infrastructure for the growing flow of trade between emerging economies, a market that could reach $32 trillion by 2030.
- The trade market that ARP Digital is targeting with blockchain technology is valued at approximately $6 trillion currently.
- Abdulla Kanoo is part of a 135-year-old Gulf dynasty, leveraging his family's legacy to support this innovative venture.
- The use of blockchain rails for this trade market is expected to significantly enhance the efficiency and security of transactions.
- By 2030, the emerging economies trade market that ARP Digital is focusing on is projected to swell to $32 trillion, representing substantial growth and opportunity.