For more than 135 years, the Kanoo family, one of Bahrain’s richest families, has helped build the entire commercial infrastructure of the Gulf.
The family, with a net worth of up to $6 billion, owns businesses spanning shipping, logistics, travel and finance.
Abdulla Kanoo, a fifth-generation member of the 135-year-old family business, is now involved in cryptocurrencies. While he declines to disclose his personal or family’s investments in bitcoin, he says he has invested in digital assets since 2015 and remains “loyal” to bitcoin. .
Kanoo also believes that the next generation of global trade will not be built on ports or banks, but on digital rails or, more specifically, on blockchain, where programmable money is king.
Kanoo is a co-founder of ARP Digital, a digital asset infrastructure project focused on enabling the movement of money between emerging economies faster, cheaper and with fewer intermediaries.
“The Gulf was where global capital was stored,” he told CoinDesk. “The next chapter is about movement.”
Kanoo is not launching another crypto exchange nor is it launching a new token. Their goal is to expand the family legacy on a global scale.
