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Hashed Ventures Expands to Abu Dhabi, Spearheading South Korean Crypto Presence

Jun 27, 2024

Hashed Ventures Expands to Abu Dhabi, Spearheading South Korean Crypto Presence
Hashed Ventures Expands to Abu Dhabi, Spearheading South Korean Crypto Presence
Hashed Ventures Expands to Abu Dhabi, Spearheading South Korean Crypto Presence

Hashed Ventures, a prominent South Korean crypto investment firm, is expanding its operations to Abu Dhabi through a partnership with Hub 71, the city’s tech ecosystem group. CEO Simon Seo-Joon Kim announced plans to open an office in Abu Dhabi and is facilitating discussions with other major South Korean crypto companies to join the UAE's burgeoning crypto market. Kim highlighted Abu Dhabi's favourable regulatory environment for Web3 startups, citing clear guidance and supportive conditions as significant draws. Hub 71's digital asset initiative, launched in February, aims to attract blockchain and crypto projects with substantial capital, offering state-of-the-art infrastructure and progressive regulatory frameworks. Hashed Ventures, managing approximately $700 million in assets globally since its founding in 2017, has invested in notable projects like Axie Infinity, dYdX, and Yuga Labs' Bored Ape Yacht Club.