Hashed Ventures Expands to Abu Dhabi, Targeting UAE’s Thriving Crypto Market
South Korean crypto investment firm Hashed Ventures is setting up shop in Abu Dhabi, partnering with the city’s tech hub, Hub71.
This expansion allows Hashed to capitalize on Abu Dhabi’s favorable regulatory environment and the burgeoning crypto market in the United Arab Emirates.
Strategic Partnership to Fuel Innovation
The collaboration aims to empower innovative tech startups and Web3 projects across the UAE and the wider Middle East region.
Hashed plans to leverage Hub71’s resources and expertise to foster a thriving blockchain ecosystem.
Opening Doors for South Korean Crypto Firms
Hashed CEO Simon Seo-Joon Kim plans to open a physical office in Abu Dhabi and is actively engaged in discussions with prominent South Korean crypto companies to help them enter the UAE’s promising crypto market.
This move positions Hashed as one of the largest crypto firms establishing a presence in Abu Dhabi, a city actively seeking to attract crypto talent.
Favorable Regulatory Landscape Attracts Investment
Kim highlights the key driver behind the expansion – Abu Dhabi’s clear and supportive regulatory framework for Web3 startups.
This creates a stark contrast with the challenges faced by crypto founders in South Korea’s domestic market.
Kim is already assisting South Korean crypto companies valued over $1 billion in their transition to Abu Dhabi.
Hub71 Paves the Way for Crypto Growth
Hub71 plays a crucial role in attracting crypto firms, having launched a digital asset initiative in February 2024.
This initiative aims to support blockchain and crypto projects with over $2 billion in capital by providing state-of-the-art infrastructure and a progressive regulatory environment.
A Global Player with Proven Success
Founded in 2017, Hashed Ventures manages a global asset portfolio of approximately $700 million.
Their investment track record includes backing prominent crypto projects like Axie Infinity, dYdX, and Yuga Labs, the creator of Bored Ape Yacht Club.
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