The financial services company has been a major adopter of Ripple’s XRP for cross-border payments in the Asia Pacific region

LONDON, November 21, 2022–(BUSINESS WIRE)–LuLu Financial Holdings – an Abu Dhabi based holding company with several investments in financial services in the APAC region, has been adjudged winner in the Network Accelerator category of the annual Blockchain Innovation Awards.

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Mr. Adeeb Ahamed, MD, LuLu Financial Holdings, receiving the award for Network Accelerator at the recently held Blockchain Innovation Awards during the Ripple Swell event in London (Photo: AETOSWire)

The Blockchain Innovation Awards recognizes gamechangers in the financial services, crypto and digital payments sector, and is conducted as part of Ripple’s annual Swell Conference.

This year, the event was held in London, with attendance of several industry stalwarts.

Accepting the award on behalf of his organization, Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings, said, “It is a proud moment for all of us at LuLu Financial Holdings to be recognized with the coveted Network Accelerator award. The award reflects our efforts to adopt digital technologies towards advancing the cross-border payments ecosystem. As early adopters of Ripple’s XRP for B2B applications, the On-Demand Liquidity (ODL) facility has helped us optimize fund management…