For over 135 years, the Kanoo family, one of Bahrain’s richest families, has helped build the Gulf’s entire commercial infrastructure.
The family, with a net worth of up to $6 billion, owns businesses in shipping, logistics, travel and finance.
Abdulla Kanoo, one of the heirs of this 135-year-old dynasty, is now venturing into crypto. While he refuses to reveal his family’s or personal investments in Bitcoin, he says he has been investing 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 precisely, on blockchain, where programmable money is king.
Kanoo is the co-founder of ARP Digital, a digital asset infrastructure project aimed at enabling the movement of money between emerging economies faster, cheaper and with fewer intermediaries.
“The Gulf was where the world’s capital was stored,” he told CoinDesk. “The next chapter is about movement.”
Kanoo is not launching another crypto exchange nor is it offering a new token. It aims to expand the family legacy globally.
