The Royal Office of H.H. Sheikh Ahmed bin Faisal Al-Qassimi, a member of the United Arab Emirates ruling family, has signed a historic MOU with ACT(ACET), a Thai-developed, globally recognised blockchain-powered digital asset. This collaboration aims to establish ACT as a digital payment system and an advanced investment tool across various industries in the UAE and internationally. Additionally, this collaboration seeks to position ACT as part of the UAE's national reserve and a payment option for the world’s largest casino resort project.
Worawat Narknawdee, a fintech and cryptocurrency expert and the founder of world-renowned blockchain-powered digital asset ACT(ACET), has announced that an official Memorandum of Understanding (MOU) was signed on 13th March 2025 between ACT(ACET) and the Royal Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi, a member of the United Arab Emirates (UAE) ruling family. The agreement marks a strategic collaboration aimed at the adoption of blockchain technology, tokenised financial products and services, and ACT(ACET)’s digital payment system across various industries in the UAE. The key aspects of the collaboration are as follows:
- Blockchain Innovations - Driving adoption of blockchain technology, tokenised finance, and ACT(ACET) as a digital payment method.
- Global Strategic Collaboration - Promoting high-class partnerships to strengthen ACT(ACET)’s status in the digital asset industry.
- National Reserve - Exploring the feasibility of recognition on ACT(ACET) as the national reserve of the United Arab Emirates.
- One of the World’s Largest Casinos Collaboration - Working towards ACT(ACET)’s acceptance in the world’s largest casino resort project to enhance practical real-world utility.
- Support and Patronage by the Royal Office - Granting ACT(ACET) an official recognition and endorsement by H.H. Sheikh Ahmed Bin Faisal Al-Qassimi, including his highness’ support and presence at the important ACT(ACET) related events.
- Rights to the Royal Office Branding - Granting exclusive rights for ACT(ACET) to use the name and logo of the Royal Office on media platforms, PR materials, and official documents.
- Business Connections - Granting ACT(ACET) the privileged access to high-ranking investors, business leaders, and government officials.
- Legal and Licensing Support - Facilitating ACT(ACET)’s licensing application process and ensuring regulatory compliance within the United Arab Emirates.
- Priority in Business Opportunities - Granting ACT(ACET) top priority for blockchain-related investments and projects within the Royal Office’s network.
“Today marks a significant milestone in ACT(ACET)’s journey towards the highest level of recognition. The endorsement of ACT(ACET) by the Royal Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi towards ACT(ACET) is undoubted proof of confidence in blockchain technology and the potential of digital assets to create a positive impact on the economy. It represents a tremendous opportunity for ACT(ACET) to become part of the United Arab Emirates’ national reserve and to serve as a digital payment system within the world’s largest casino resort project. This partnership heralds the beginning of a groundbreaking collaboration that will drive financial innovations through blockchain technology and expand the reach of ACT(ACET), a digital asset currently held by over 158,000 individuals with a total trading volume exceeding $447 million (15,198 million baht), to become a key player in the future of the global economy,” Worawat added.
H.H. Sheikh Ahmed Bin Faisal Al-Qassimi said, “We are now entering a new era of the digital economy, and the collaboration with ACT(ACET) marks a significant step towards the establishment of a modern, reliable, and internationally recognised financial system. ACT(ACET) possesses immense potential to serve as the cornerstone of the digital payment infrastructure and stand as a stable financial asset for the future.”
About H.H. Sheikh Ahmed Bin Faisal Al-Qassimi
H.H. Sheikh Ahmed Bin Faisal Al-Qassimi is considered one of the important figures of the ruling families of Sharjah and Ras Al Khaimah, United Arab Emirates, playing a key role in shaping the nation’s economic direction. He is a leading figure in the expansion of business opportunities between the UAE and the international markets, with an extensive network of public and private sector partnerships. Additionally, he serves as Chairman and a senior executive in several global companies and organisations. Furthermore, he is the co-founder of the Al Qassimi Group of Companies and Investment Co., which operates across multiple sectors, including manufacturing, trade, real estate, energy, industry and construction, tourism and travel services, hotels, restaurants, service providers and finance. He continues to expand business ventures into various industries through collaborations with investors seeking to establish enterprises in the UAE, with the overarching goal of positioning the UAE as a global investment hub.
Furthermore, the Royal Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi has partnered with the world’s largest and most successful luxury five-star resort and casino group, with a total business valuation exceeding $12.98 billion. This collaboration aims to establish the first-ever casino resort in the Middle East, located on Al Marjan Island in Ras Al Khaimah, with a project value of over $3.9 billion, making it the most significant casino investment in the region—surpassing those in Las Vegas. It will also be the UAE’s first legally sanctioned casino. The resort offers a selection of ultra-premium experiences, encompassing luxury hotels, Michelin-starred restaurants, spas, high-end shopping centres, cinemas, and state-of-the-art convention and event centres. The grand opening is scheduled for 2027.
