Dubai International Financial Centre’s Innovation Hub, together with Julius Baer and Euroclear, published a whitepaper on how emerging technologies could reshape inheritance and wealth transfer, as the Middle East approaches an estimated USD 1trn generational transfer of wealth by 2030. The report, titled 'Navigating the Future of Inheritance', highlights the growing complexity of portfolios including digital assets and points to tools such as artificial intelligence, smart contracts, distributed ledger technology and tokenisation as potential ways to reduce friction, improve transparency and support secure asset transfers. It notes that only 24% of high-net-worth individuals have a full estate plan in place and that 53% of families find it too complicated and time-intensive to gather, record and plan asset allocation, while citing UAE high-net-worth assets rising 20% since 2022 to USD 700bn. Alongside the whitepaper, DIFC referenced a series of new guides on family business structures and solutions, including materials on DIFC foundations and trusts, and an earlier family wealth guide now available in Arabic, English, Mandarin and Spanish.
Dubai International Financial Centre 2025-01-28
Dubai International Financial Centre Innovation Hub launches whitepaper on using digital technologies to streamline Middle East wealth transfer
Dubai International Financial Centre's Innovation Hub, with Julius Baer and Euroclear, released a whitepaper on emerging technologies' impact on inheritance amid a projected USD 1 trillion wealth transfer in the Middle East by 2030. 'Navigating the Future of Inheritance' discusses AI, smart contracts, distributed ledger technology, and tokenisation in asset transfer. Only 24% of high-net-worth individuals have comprehensive estate plans, with UAE high-net-worth assets rising 20% since 2022 to USD 700 billion.