XBTO Expands in Abu Dhabi with Karl Naïm as General Manager 

In his role as General Manager, Karl, a seasoned serial technology startup entrepreneur with previous positions at Mubadala, UBS, and Goldman Sachs, will spearhead XBTO's strategic expansion in the Middle East. This encompasses establishing a new office in the Abu Dhabi Global Market, regulated by the FRSA. This office will offer a suite of digital assets products, solutions, and investment management strategies to institutional and qualified clients in the region.

Karl will collaborate closely with Javier Rodriguez Alarcon, recently appointed as XBTO's Chief Commercial Officer. With extensive investment experience at Goldman Sachs, Javier embodies the fusion of business expertise from digital assets and traditional finance, reflecting XBTO’s commitment to bridging these financial realms.

Before joining XBTO, Karl co-founded Hub71 startup, Purpl, a digital wallet and remittance aggregator for Lebanon, where he served as CEO until November 2023. His contributions led to recognition by MEA Markets as the "Most Transformational Financial Inclusion CEO 2023" in the Middle East.

Philippe Bekhazi, Founder & CEO of XBTO, commented on the Hub71 selection and Abu Dhabi expansion, expressing excitement about the alignment with Hub71, Abu Dhabi’s global tech ecosystem, and welcoming Karl Naïm to the team. He emphasized Karl's expertise positioning XBTO strongly for expansion in the Middle East.

Peter Abou Hachem, Head of Growth and Strategy at Hub71, remarked on XBTO's addition to Hub71+ Digital Assets, highlighting the team’s leadership and commitment to transforming the digital asset landscape from Abu Dhabi. He emphasized Hub71's mission to elevate Abu Dhabi into a world-leading tech hub for Web3 and digital assets.

Karl expressed his enthusiasm for introducing XBTO's expertise in digital assets to institutions and family offices in the region. He emphasized his focus on building a high-performing team and collaborating closely with the Financial Services Regulatory Authority to position XBTO as the preferred provider for digital asset-related services in the region.