Maldives Launches $8.8 Billion Crypto Hub to Revolutionize Its Economy 🏝️

In a bold move to transform its economy, the Maldives has announced a groundbreaking $8.8 billion project to establish a blockchain and digital assets financial hub. The initiative is being led by Dubai-based MBS Global Investments and represents an investment larger than the country’s current $7 billion GDP.

The project will create the Maldives International Financial Centre, a state-of-the-art financial freezone in Malé. Spanning 830,000 square meters, the hub will host 6,500 residents and employ over 16,000 people. The goal is to triple the nation’s GDP within four years and generate more than $1 billion in annual revenue by the fifth year.

Maldivian Finance Minister Moosa Zameer emphasized the importance of the project in reducing the country’s dependence on tourism and fisheries, especially as the nation faces over $1.6 billion in debt repayments between 2025 and 2026.

Backed by MBS’s $14 billion in managed assets, the project has already secured $4–5 billion in commitments. This initiative aligns with President Dr. Mohamed Muizzu’s vision to make the digital economy contribute 15% to the national GDP by 2030. Plans also include introducing a digital currency through the Maldives Monetary Authority.

The Maldives is now positioning itself as a rising crypto and fintech powerhouse.