Prime Highlight
- EmCoin and Hotdesk signed an MoU during Abu Dhabi Finance Week to explore launching the DESK Token ICO in 2026, positioning Abu Dhabi as a hub for hybrid digital assets.
- The planned DESK Token aims to combine real-world income-generating real estate with practical workspace utility, bridging blockchain and everyday business use.
Key Facts
- DESK Token is designed as a hybrid security and utility token, backed by assets such as Grade A offices and coworking spaces, while granting access to Hotdesk’s global workspace network.
- Hotdesk operates over 2,300 workspaces across more than 81 countries, and EmCoin is the first virtual asset service provider licensed by the UAE Securities and Commodities Authority.
Background
Emirates Coin Investment (EmCoin) and global flexible workspace platform Hotdesk have signed a memorandum of understanding to explore the launch of the DESK Token Initial Coin Offering in 2026, subject to regulatory approvals.
The agreement was revealed during Abu Dhabi Finance Week and marks a key step in linking digital assets with real-world services in the UAE. EmCoin is the first virtual asset service provider licensed by the UAE Securities and Commodities Authority.
DESK Token is planned as a hybrid security and utility token. Income-generating real estate, such as Grade A offices and coworking spaces, will support it. Holders will also gain access to Hotdesk’s global workspace network. This setup offers both returns and everyday use in one digital asset.
Hotdesk operates more than 2,300 workspaces across over 81 countries. Under the plan, DESK Token holders can book and use these spaces directly with the token. This lets businesses, freelancers and remote teams work from locations around the world.
The project will follow a fully regulated framework. EmCoin will support the token inside its compliant digital asset ecosystem. Institutional partners such as Al Maryah Community Bank and Singularity Venture Hub will also back the initiative.
Mohamed Khaled, Founder and CEO of Hotdesk, said the goal is to launch the world’s first hybrid token ICO from Abu Dhabi. He said the project is designed to combine real-world assets, real returns, and real utility, and that the UAE’s regulatory environment makes this possible.
Yasin Arafat, Chief Operating Officer of EmCoin, said the partnership brings a practical workspace platform into the blockchain space, creating a token that users can rely on in daily business activity.
The MoU underlines Abu Dhabi’s push to lead in digital finance and the future of work, building new links between property, technology, and blockchain innovation.
