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Midchains

Midchains

Active

VA Exchange

Dubai, UAEFounded 2025
Web3 & BlockchainFintech

VARA-licensed broker-dealer and trading platform for digital assets.

Founders

Basil Al Askari

Co-Founder & CEO

Mohamed Al Hashemi

Co-Founder

Funding Rounds

Undisclosed

Lead: Mubadala Ventures

Investors: Mubadala Ventures

August 2019 (Gulf News 11-12 Aug 2019). Company said only that it was a 'seven-figure' USD amount; exact figure never disclosed. Company was at Hub71 and had ADGM FSRA in-principle approval; ADGM-based, not Dubai, at the time. Also: https://tokenpost.com/Cryptocurrency-exchange-MidChains-bags-seven-figure-investment-from-Abu-Dhabi-sovereign-wealth-fund-Mubadala-2993 https://coingeek.com/abu-dhabis-sovereign-wealth-fund-invests-in-midchains-crypto-exchange/ Confidence: confirmed (round 13, Wamda).

UndisclosedSep 2022

Lead: EMURGO Africa

Investors: EMURGO Africa

Labelled "strategic" by the source. Investor's own announcement; investment 'completed earlier this year' (2022), announced 27 Sep 2022. Amount undisclosed. Release names Mubadala, MIAX, DisruptAD and GSR as existing backers. Confidence: confirmed (round 13, EMURGO).

UndisclosedFeb 2021

Investors: Miami International Holdings (MIAX), Mubadala, ADQ (DisruptAD)

Follow-on equity investment into MEEG Holdings Limited (parent); amount undisclosed. Also: https://www.prnewswire.com/ae/news-releases/miami-international-holdings-completes-follow-on-investment-in-midchains-along-with-co-investors-mubadala-and-adq-301224949.html Confidence: confirmed (round 13, MIAX (Miami International Holdings)).

UndisclosedJul 2020

Investors: Miami International Holdings (MIAX), Mubadala Investment Company, Abu Dhabi Investment Office (ADIO)

Minority equity investment in the parent MEEG Holdings Limited; MIAX calls it the 'latest funding round' with 'other regional investors' unnamed. Tracxn labels this Series A (5 Jul 2020) — label not used by the company or MIAX. Also: https://www.wamda.com/2020/07/midchains-closes-new-funding-round https://www.prnewswire.com/news-releases/miami-international-holdings-completes-equity-investment-in-midchains-parent-holding-company-301090098.html Confidence: confirmed (round 13, MIAX (Miami International Holdings)).

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