Farooq Abdal

Last Updated: May 6, 2024

Dr. Farooq Abdal is a distinguished entrepreneur and leader in the blockchain and gemstone industries, renowned for his role as the Founder and Managing Director of the BST Group of Companies. With over five years of experience, Dr. Abdal has emerged as a prominent figure, driven by a fervent commitment to democratizing financial opportunities.

His pioneering initiatives include the tokenization of the rare and precious Kashmir blue sapphire inventory, establishing it as a valuable commodity on global stock exchanges. Innovating at the nexus of technology and well-being, Dr. Abdal introduced the revolutionary Bio Sapphire AMized Fusion Technology (BSAFT) and crafted the Bio-Sapphire Bracelet, providing comprehensive protection against radiations and electromagnetic frequencies.

In his dedication to regulatory compliance, Dr. Abdal leads the launch of BSTC, the first fully decentralized security token backed by the world’s largest collection of Kashmir blue sapphires. Supported by the Native Token of the latest RWA Tokenization Blockchain, BST CHAIN, this endeavor marks a significant advancement in the digital asset space.

Beyond his business pursuits, Dr. Abdal envisions securing the future distribution of Kashmir blue sapphires and contributing to smart city projects globally. He prioritizes generating substantial employment and spearheads the Sapphire Wealth Project to distribute this natural treasure widely. His commitment to innovation is further exemplified in the E-Sapphire Mining platform, facilitating smart digital mining of sapphires.

As the head of the BST Group, Dr. Abdal has positioned it as a pioneering wealth management platform, integrating ring-fencing strategies for institutional investors and Ibanized personal accounts for individuals. The group’s flagship projects, Blue Sapphire of Kashmir and E-Sapphire (BST), underscore his dedication to innovation. Additionally, the group serves as the founder of the Credible Digital Asset and Social Map Monetizing system.

A thought leader in cryptocurrency, Dr. Abdal introduced BST as one of the earliest cryptocurrencies, empowering diverse stakeholders with financial freedom. Since its inception in 2019, headquartered in Dubai, BST, under Dr. Abdal’s guidance, aims to transform the economic landscape into a vibrant, secure, and prosperous one. His visionary approach aligns with fostering wealth circulation and addressing the limitations of conventional financial systems.