Claim BonusSouth Korean-based Hashed Ventures Announces Abu Dhabi Expansion
Highlights
- Hashed Ventures will expand its operations to Abu Dhabi.
- The company highlighted clear regulations and a friendly ecosystem in the city.
- Meanwhile, Abu Dhabi continues to expand its ever-growing web3 ecosystem.
South Korean-based digital asset firm Hashed Ventures has revealed plans to expand to Abu Dhabi citing wider expansion goals. The Abu Dhabi market continues to attract several companies due to its clear and innovative crypto policies. Hashed Ventures will introduce more South Korean firms to the Abu Dhabi ecosystem.
Hashed Ventures Eyes Global Growth
The company will expand to Abu Dhabi based on clear rules and partnership with the country’s tech ecosystem, Hub71. With over $700 million in assets under management, the crypto investment firm already has offices in Singapore and San Francisco citing the need to spread its reach. Simon Seo-Joon Kim, the CEO of Hashed Ventures explained that the company will explore fundraising opportunities in Abu Dhabi.
Furthermore, the expansion comes as the firm faces difficulties in local expansion due to the dwindling population in Korea and other factors.
“For the Korean startup, the mission to expand their business abroad is quite mandatory because the biggest problem of Korea is our population is decreasing. But I believe that the talent-wise, the Korean entrepreneur is one of the best in the world, so we have to expand our business abroad.”
Kim added that the company is currently working to onboard some South Korean-based companies valued at $1 billion to Abu Dhabi. Hashed is known for its portfolio companies including Yuga Labs, dYdX, and Axie Infinity.
Clear Regulation Spurs Abu Dhabi’s Web3 Market
In the past couple of years, Abu Dhabi has distinguished itself as a web3-friendly hub attracting investors to the city. The UAE increased efforts to attract crypto companies including Binance and OKX with its Hub71 ecosystem rolling out a $2 billion program to fund web3 firms.
Ahmad Ali Alwan, the CEO of Hub71 explained the prospects of South Korean startups and other firms in Abu Dhabi. “We are excited about the prospect of welcoming more Korean startups to Abu Dhabi and attracting the most promising Web3 and digital asset technologies to the UAE capital.”
Also Read: US State Department Unveils $5M Bounty For OneCoin Scam Mastermind
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Rises to $94k as Trump Signals Alternatives Ahead of Supreme Court Tariffs Ruling
- Rick Rieder’s Fed Chair Odds Rise as BlackRock CIO Calls for Rates to Fall to 3%
- Fed Rate Cut: Trump Calls for Powell to Lower Rates After Soft CPI Inflation Report
- Breaking: U.S. CPI Inflation Comes In At 2.7%, Bitcoin Rises
- Bitget Launches One-Click Bot Copying for Crypto Users as Algorithmic Trading Goes Mainstream
- Bitcoin Price Eyes $100k as Core US Inflation Slips Ahead of CLARITY Act Markup
- Why Is MSTR Stock Price Down Despite Recent Bitcoin Purchase
- Pi Coin Price Prediction: How Mainnet Migration and New Tokens Supply Could Affect Pi Network?
- Crypto Stocks To Watch: MSTR, Metaplanet, and S&P 500 price
- Solana Price Targets $200 as WisdomTree Declares Its Dominance Structural
- Bitcoin Price Prediction Amid DOJ Probe as Powell Indictment Fears Cool
