Operating for approximately two decades, OTC Business Services, now under the umbrella of MNA Ventures, has developed a deep understanding of the global business environment, including the dynamic world of blockchain and cryptocurrency. While the surge in crypto interest around 2021-2022 brought a significant influx of clients seeking to establish themselves in the UAE, it also highlighted a common misconception: that OTC (now under the MNA Ventures umbrella) was solely a crypto-native service provider.
Initially, OTC Business Services saw a wave of clients drawn to Dubai’s perceived crypto-friendly environment. These clients primarily sought basic setup and advisory services related to their blockchain ventures. However, the expertise of the subsidiaries of MNA Ventures now extends far beyond these initial needs, encompassing comprehensive business facilitation, legal and global structuring, and financial infrastructure development for a diverse clientele. Recognizing that these crypto-focused clients were often utilizing only a fraction of their capabilities, MNA Ventures strategically refined their focus in April 2022 to better serve their core clientele seeking broader and more specialized support.
MNA Ventures’ approach to the crypto and blockchain sector, now operating with a more complex structure including subsidiaries like OTC Business Services, OTC & Partners, Seventh Key, QBS (banking), United Law (copyright legal tech platform), and Regulate (KYC/KYB verification solutions), prioritizes sophisticated business solutions over simply catering to the crypto hype. They cater to high-net-worth individuals and established projects, offering assistance with family office structuring, complex project development, and robust legal frameworks through their dedicated law firm OTC & Partners. A key differentiator is their ability to help clients establish secure and stable financial infrastructure to manage and move funds efficiently across different jurisdictions. MNA Ventures focuses on clients who have already secured funding, providing the expertise to navigate the intricacies of global operations.
While the UAE, particularly Dubai, has actively promoted itself as a crypto hub, attracting international players with blockchain-friendly policies, MNA Ventures offers a more nuanced perspective. They acknowledge the appeal of the UAE as a place to live and operate but emphasize the importance of strategic global structuring, often advising clients to maintain their headquarters offshore for greater stability given the potential for rapid regulatory changes in the region.
MNA Ventures has been instrumental in supporting the growth of significant blockchain projects, often operating behind the scenes. Their involvement spans facilitating investments, managing complex fund flows, and providing crucial legal and contractual guidance. This demonstrates their role as a trusted and experienced partner for prominent entities within the blockchain space.
