According to CoinDesk, Abdulla Kanoo, heir to Bahrain’s Kanoo family, is spearheading the migration of the $6 trillion cross-border trade market to blockchain infrastructure. ARP Digital, co-founded by Abdulla Kanoo, is building a settlement network for capital flows in emerging economies to reduce the cost of cross-border payments and dependence on intermediaries. Trade between emerging markets reached $6 trillion in 2024 and is projected to grow to $32 trillion by 2030.
Abdulla Kanoo Aims to Move the $6 Trillion Trade Market to Blockchain
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Abdulla Kanoo, heir to Bahrain’s Kanoo family, is driving efforts to transition a $6 trillion cross-border trade market to blockchain-based infrastructure. His co-founded firm, ARP Digital, is developing a settlement network to lower costs and reduce dependence on intermediaries in emerging markets. Cross-border trade between developing economies reached $6 trillion in 2024 and is projected to grow to $32 trillion by 2030, according to market sources.
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