Paxos’ Post

Phoenix Group's relative underperformance remains an unsolved mystery for the time being. Much attention has been heaped upon the UAE's deluge of IPOs in the post-COVID era, with special praise being showered upon the notable success stories (like Salik). However, considerably less fuss has been made about those IPOs that have not been a resounding success. Phoenix Group PLC is one such stock. Its last market closing price was AED 1.22, which represents an 18.67% dip from its IPO price of AED 1.50 per share. Furthermore, the company does not currently pay out dividends to shareholders, which begs the question: with no dividends to compensate for the capital loss, why would investors opt to invest in Phoenix Group? Furthermore, what is causing the stock to underperform to the degree it has? In reality, it does not seem that many in the market are asking these questions - or if they are, there has not been a satisfactory answer provided as yet. One contributory factor we can rule out for certain is the performance of cryptocurrencies - Bitcoin is up 43.34% since Phoenix Group began trading on the Abu Dhabi exchange, and is even up 3.6% in the last month (while Phoenix Group's stock price is down 23.87% across the last month). #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession

🚀 The Abu Dhabi International Finance Centre ADGM 🇦🇪 have just lit the torch paper and ignited a yielding stablecoin competition lift off with their Fiat Referenced Token (FRT) consultation in the last 24H and I love it ! Consultation 7 2024 Proposals; ✅ Subject to excess AA- or equivalent liquid reserve assets income can be shared with the token holders. ✅ $2 million CET 1 capital requirement and no disproportionate variable % linked to value of tokens in issuance, facilitating growth. ✅ Common sense T+2 redemption request requirements. ✅ Monthly attestation of reserves sufficient. ✅ Full of innovation, common sense and in plain english. #GlobalP2P #Moneybrain #BiPS #Stablecoins

If you were told that you could make more money investing in UAE IPOs than in the S&P500 index, you likely wouldn't believe it. The good news is that you don't need belief when the facts are on your side. Calculating a time-weighted investment of AED 1,000 in every one of the UAE IPOs since Multiply Group debuted in 2021 reveals that the total return as of today would come out to 192.48% (including both capital gains and dividends). Applying the same methodology but instead investing AED 1,000 in the S&P500 index on each of the UAE IPO dates would have yielded a total return of 177.71%. It seems that the buzz around the UAE's primary capital markets are well founded. #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession #talabat #delivery #hero #ipo #salik #dewa #empower #lulu #bayant #borouge #adnoc #fertiglobe #spinneys #investcorp #parkin

UAE capital markets are set to end the year with a bang. The upcoming pipeline of IPOs for Q4 features some high profile names (such as LuLu Group) for investors to be excited about. My conversation with Brandy Scott yesterday began with a discussion of ADNH Catering - which is set to be the first IPO of Q4 - but also branched out to cover the IPO market more broadly. The full interview can be found below: #business #economics #finance #capital #market #money #value #valuestocks #gcc #mena #bigtech #kingdollar #investment #investors #investmentbanking #venturecapital #uae #dubai #dfm #adx #emaar #salik #apple #microsoft #nvidia #abudhabi #crypto #currencies #cryptocurrency #recession #sp500 #growthstocks #worldeconomy #equity #usequities #dividend #growth #investmentadvisory #earning #banking #power #familyoffice #stockpicks #emergingmarket #financialmarkets #news #gulfnews #yield #ai #artificialintelligence #bluechip #realestate #price #middleeast #risk #margin #security #adnh #catering #bayanat #gulfnews #news #gcp #globalcapitalpartners #sameerlakhani

Big news for the UAE’s digital asset space! Emirates NBD have joined the Zodia Custody cap table through its Innovation Fund to bring secure and compliant digital asset custody solutions to the region. With 30% of the UAE’s population already owning cryptocurrency and the market expected to grow 8% annually, this is a major step forward. This partnership also aligns with Dubai’s vision to become a leading global financial hub through the Dubai Economic Agenda D33. Exciting times ahead for innovation and digital finance in the UAE! Get in touch with our team to learn more: Zane Suren 🚀 Stuart Christie

𝗘𝗺𝗶𝗿𝗮𝘁𝗲𝘀 𝗡𝗕𝗗 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝗳𝗶𝗳𝘁𝗵 𝗺𝗮𝗷𝗼𝗿 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗮𝗸𝗲 𝗮 𝘀𝘁𝗮𝗸𝗲 𝗶𝗻 𝗭𝗼𝗱𝗶𝗮 𝗖𝘂𝘀𝘁𝗼𝗱𝘆 We are very pleased to announce that Emirates NBD, a leading banking group in the MENAT region has invested in Zodia Custody. The UAE is swiftly evolving to become a progressive crypto hub following landmark crypto-friendly policies and the highest cryptocurrency adoption rates in the world. Emirates NBD’s investment marks a monumental step forward for the firm and reinforces its vision for the future of digital assets. Julian Sawyer, CEO of Zodia Custody, said: “As the fifth bank to cast a vote of confidence in our proposition, we are beyond grateful to Emirates NBD for placing their trust in us. This investment is a monumental step forward, paving the way for Zodia Custody to become a leading player globally.” Marwan Hadi, Group Head of Retail Banking and Wealth Management, said: “Our strategic investment in Zodia Custody reflects our commitment to creating an environment where digital asset trading venues and forward-thinking institutions can interact safely, securely and without compromise. FinTech is changing the institutional landscape rapidly and we want to ensure our ongoing support to emerging technologies to bolster this growth by bridging the gap between financial services and digital assets.” #ZodiaCustody #EmiratesNBD

Crypto.com buys UAE-based brokerage Orion: Based in #AbuDhabi, Orion is a #brokerage company #licenced by the Abu Dhabi Global Market (#ADGM). It connects high-net-worth #investors, #traders and #funds to international #financial #markets through its trading platform, offering investment and ancillary services including derivatives, swaps, structured products, foreign exchange (#FX) and #equities. Crypto.com’s product roadmap for 2025, published last month, includes the planned launch of stocks, banking services and cards, with the delivery of FX, commodities and index derivatives scheduled for Q3. Founded in 2016, Crypto.com has been active on the M&A front in recent months. The company acquired broker-dealer Watchdog Capital in October, as well as brokerage service Fintek Securities and financial exchange Charterprime in November. #crypto #Forex #fintech

Abu Dhabi’s approval of Tether (USDT) is a major step in supporting global financial stability and innovation, especially as Europe’s MiCA regulation threatens to ban USDT. This decision underscores the importance of stablecoins in today’s economy. Why USDT matters: • Financial Stability: USDT provides stability in volatile markets, offering a safe haven for traders and investors. • Cross-Border Payments: It enables faster, cheaper, and more efficient international transactions, reducing dependency on traditional financial systems. • Global Adoption: With governments like Abu Dhabi backing USDT, it strengthens the case for wider adoption in emerging markets. • Investor Confidence: USDT’s approval boosts trust in the crypto ecosystem, especially during times of market uncertainty. While Europe tightens control, Abu Dhabi is positioning itself as a hub for crypto innovation and global finance. FinMP is here to support your crypto expansion to Abu Dhabi, contact us for more info! #CryptoRegulation #Stablecoins #USDT #AbuDhabi #DigitalFinance #GlobalEconomy

MbankUAE will be the future bank of UAE 🇦🇪 Mbank has announced a groundbreaking partnership with AE Coin, becoming the first entity to make the UAE’s first-ever regulated stablecoin available. Through the AEC Wallet, powered by Mbank, customers can purchase AE Coin and conduct secure, stable virtual financial transactions. Digital currency of UAE 🇦🇪 #uaecoin Al Maryah Community Bank #MbankUAE

#Emirates #NBD becomes strategic investor in Zodia Custody #Dubai government-owned bank, Emirates NBD, has made a strategic investment in digital asset custody firm #Zodia Custody. #StandardChartered founded Zodia Custody with Northern Trust as a minority investor. They were subsequently joined as shareholders by Japan’s #SBI and National Australia Bank (#NAB). Dubai and the #UAE are embracing #cryptocurrencies, with 30% of the population owning them, a figure that’s expected to grow 8% next year. https://lnkd.in/dEippWvy