South Korean crypto firm Hashed Ventures is expanding to Abu Dhabi, partnering with Hub 71 to bring more South Korean crypto talent to the UAE market.
South Korean crypto investment firm Hashed Ventures is making waves by expanding into Abu Dhabi, partnering with the city's tech ecosystem group, Hub 71. This strategic move aims to leverage the UAE's crypto-friendly environment and attract more South Korean crypto firms to the region.
Key Points:
Hashed Ventures' Expansion:
Hashed Ventures is opening an office in Abu Dhabi in partnership with Hub 71.
The firm aims to bring more South Korean crypto firms to the UAE market.
Strategic Move:
CEO Simon Seo-Joon Kim highlights the UAE's friendly regulatory environment for Web3 startups.
The UAE's capital is increasingly attracting global crypto talent due to its progressive policies.
Support for Crypto Startups:
Hub 71's digital asset initiative, launched in February, aims to support blockchain and crypto projects.
The initiative boasts over $2 billion in capital to back these projects.
Hashed Ventures' Track Record:
Founded in 2017, Hashed Ventures manages around $700 million in assets globally.
The firm has invested in notable projects like Axie Infinity, dYdX, and Yuga Labs.
Hashed Ventures' expansion into Abu Dhabi marks a significant step in the growth of the global crypto market. By partnering with Hub 71, Hashed is not only broadening its horizons but also paving the way for other South Korean crypto firms to explore the UAE's promising market.
This move is set to foster innovation and growth in the crypto industry, benefiting both regions.
Source: Cointelegraph
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