The India Blockchain Alliance (IBA) has entered a landmark partnership with Ras Al Khaimah Digital Assets Oasis (RAK DAO), the world’s only common law free zone dedicated to digital asset enterprises. This strategic collaboration aims to create a unified global blockchain ecosystem, promoting innovation and talent exchange between India and the UAE.
Expanding Cross-Border Blockchain Opportunities
The partnership will enable Indian blockchain companies to seamlessly enter the UAE market through RAK DAO’s extensive ecosystem of over 400 companies, supported by its robust legal and regulatory framework. Meanwhile, UAE-based firms can leverage IBA’s vast network and expertise in India, which boasts over 115 million crypto users and a thriving startup culture.
Raj Kapoor, founder of the IBA, emphasized the initiative’s focus on bridging the environmental, social, and governance (ESG) deficit in blockchain technology. “We are observing how frameworks are leveraged, their impact, and how these best practices could be adopted at a national level. This partnership aims to foster meaningful policy transformation back home,” Kapoor said in a statement to crypto.news.
ESG-Focused Blockchain Innovation
The alliance seeks to align blockchain developments with ESG standards by promoting transparency, decentralized governance, and sustainable practices. Kapoor highlighted blockchain’s ability to track adherence to ESG regulations in real-time, especially in sectors like agriculture, fashion, and electronics. These innovations could enable industries to issue blockchain-based certificates, ensuring ethical sourcing and compliance with sustainability goals.
UAE’s Free Zones: A Blockchain Haven
RAK DAO, part of the UAE’s network of free zones, offers significant advantages to entrepreneurs, including tax incentives, 100% foreign ownership, and relaxed regulatory conditions. These zones have attracted international investors and diversified the region’s economy, with over 40 free zones currently operating.
Unlike India, where regulatory ambiguity has slowed blockchain growth, the UAE provides clear and predictable regulatory frameworks. Common law governance in free zones like RAK DAO ensures legal certainty, investor protection, and globally recognized dispute resolution mechanisms—essential for decentralized technologies seeking global trust and scalability.
A Boost for Indian Startups
Kapoor expressed hope that this partnership would help Indian Web3 startups secure funding from international investors, unlocking new growth opportunities. By reducing operational hurdles and enabling innovators to focus on solutions rather than compliance, the collaboration aims to catalyze blockchain adoption and expansion in both regions.
A Unified Vision for Blockchain Growth
The India Blockchain Alliance and RAK DAO partnership represents a significant step toward fostering a global blockchain ecosystem. By aligning technology, governance, and sustainability, the collaboration paves the way for ethical, scalable, and innovative blockchain solutions that can thrive on a global stage.
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