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Abu Dhabi-Based Digital Private Wealth Platform Launches

Editorial Staff 28 June 2023

Abu Dhabi-Based Digital Private Wealth Platform Launches

The firm, which is regulated in Abu Dhabi, said it gives clients access to areas including private markets and for a relatively low access ticket size.

Vault, a digital private wealth management platform based in the United Arab Emirates and backed by Outliers VC, has launched as a business.

The organisation is regulated by Abu Dhabi Global Markets.

The group said it intends to focus on protecting wealth, mitigating risks by diversifying assets and exploiting global opportunities.

Vault said it wants to encourage wealth holders in the region to diversify from cash – the region’s HNW individuals typically hold significant shares of assets in cash.

The UAE, with a population of eight million adults, has total wealth of more than $1 trillion and financial assets account for 63.4 per cent of it. About 9.6 per cent of adults possess over $100,000, with the average wealth per person amounting to about $122,841.

“However, despite this significant wealth, there is a prevailing trend in the UAE to hold the majority of financial resources in cash, in contrast to the United States, where over 80 per cent of financial wealth is actively invested,” Vault said. “This disparity arises primarily from a need for more awareness and understanding regarding effective investment allocation.”

The firm invests in areas with a thematic focus, as well as private investments, including venture capital, artificial intelligence, and private real estate. Investors can enter by deploying a minimum of $60,000.

The firm said that clients can obtain passive monthly income and a 4.53 per cent APY (annual percentage yield) interest on cash, over five times the average that UAE banks offer, without any lock-in periods. 

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