Digital Islamic bank on the blockchain HADA DBank has announced its latest agreement, having secured its first corporate client in “future-forward” property development firm Überstate.
Itself only two weeks into its ongoing token sale, Überstate has penned a deal with HADA DBank to purchase $1 million worth of the bank’s digital tokens, HADACoins.
The move will be seen as a major step forward for mainstreaming cryptocurrency as the two significant companies join together to build a vibrant and sustainable ecosystem based on the new crypto economy.
Hada DBank interim CEO and chairman Hisyam M expressed delight at the deal, believing it to be a statement of confidence in the new banking project. He added that they looked forward to serving Überstate clients soon, while looking for more partnerships in and outside of traditional sectors to introduce new banking and financial services and products:
“Having 2 blockchain-based projects working together is the true meaning of blockchain economy that represents one of the spirits of blockchain in general, sharing economy.”
Meanwhile, Überstate was equally enthused about the deal, with CEO Jess Davis remarking on Hada DBank as a true partner in the blockchain banking industry:
“We are very confident in the abilities of HADA DBank to fulfill its mission as an Islamic bank on the blockchain and help evolve the current state of the banking industry internationally.”
Davis also thanked Hada DBank partners F1 Cryptos and DE Asset Management for facilitating the agreement, personally acknowledging the roles of Michael Buchbinder and Darrell Emmanuel in brokering the deal while maintaining stakeholder fidelity.
Apart from allowing easy and seamless investment into any of bespoke Überstate property for immediate returns and ownership of luxury hospitality, Überstate also prioritizes long term sustainability via greener solutions. These include creating investment opportunities that look to aid community growth and renewal through the identification of grey field and infill sites in urban locations naturally amenable to development.
Synergies of token economies
Überstate Real Estate Investment tokens look to change the way real estate investment is conducted, allowing for fractional ownership of large-scale assets and businesses in the hospitality sector. Backed by actual assets to provide intrinsic value, the token looks to leverage utility in exchange for services and goods in various international locations.
The Überstate investment platform is fully automated, allowing for retail investment of blockchain-based securities and tokens into large-scale commercial real estate development and businesses. The public token sale is soon to be announced.
Meanwhile, HADACoins are still available for purchase in a general public sale, following the successful conclusion of a pre-sale. The first one million HADACoins will include a 100% bonus on top of normal rates of 1 ETH = 1,500 HADACoins, with a minimum transaction of 0.15 ETH.
To learn more about HADA DBank’s blockchain based digital banking based on fair Islamic principles, visit the website and read the whitepaper. Follow HADA DBank on Twitter and Facebook, or chat directly with the team on Telegram.
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