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Hashed Ventures, a company based in South Korea, announces expansion to Abu Dhabi.

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            <h2>Highlights</h2>

                <ul>





                <li>Exciting news! Hashed Ventures to expand operations to Abu Dhabi.</li>




                <li>Discover the appeal of Abu Dhabi’s crypto policies and ecosystem.</li>




                <li>Abu Dhabi’s web3 market continues to flourish and attract global interest.</li>
                                       </ul>
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Get ready for Hashed Ventures, a South Korean digital asset firm, to venture into Abu Dhabi with ambitious growth plans. Abu Dhabi’s crypto-friendly environment and regulations have caught their attention. Hashed Ventures aims to introduce more South Korean companies into the dynamic Abu Dhabi landscape. 

Global Expansion on Hashed Ventures’ Radar

Hashed Ventures’ decision to broaden its horizons to Abu Dhabi stems from the well-defined regulations and partnership with Hub71, the city’s tech hub. With a hefty $700 million in assets under management, this crypto investment giant already has a presence in Singapore and San Francisco. The company’s CEO, Simon Seo-Joon Kim, is excited about exploring fundraising opportunities in Abu Dhabi.

Moreover, this expansion strategy comes at a crucial time when Hashed Ventures faces challenges in local expansion due to declining populations and other hindrances.

The necessity for Korean startups to venture globally is critical due to population decline in Korea. However, Korean entrepreneurs boast exceptional talent, urging us to extend our reach overseas.”

Kim also shared plans to onboard South Korean companies valued at $1 billion into Abu Dhabi. Hashed Ventures boasts of successful portfolio companies like Yuga Labs, dYdX, and Axie Infinity.

Abu Dhabi’s Web3 Market Thriving with Clear Regulations

In recent years, Abu Dhabi has emerged as a haven for web3 enthusiasts, drawing investors to its shores. The UAE’s proactive stance in attracting crypto giants like Binance and OKX highlights its commitment to the Hub71 initiative, a $2 billion program aimed at supporting web3 startups.

Ahmad Ali Alwan, Hub71’s CEO, acknowledged the immense potential awaiting South Korean startups and other global companies in Abu Dhabi. “We look forward to welcoming more Korean startups and embracing cutting-edge Web3 technologies in the UAE’s capital.” 

Also Read: US State Department Unveils $5M Bounty For OneCoin Scam Mastermind

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