Seoul, Monday, July 1, 2024 – Seoul-based blockchain firm Hashed Ventures announced its partnership with Hub71 to commence start-ups and Web3 projects, expanding its operations within the UAE and MENA region, a post via X said.
Hub71, a global tech firm in Abu Dhabi, consents to partner with Hashed, offering a capital of over $2 billion to foster the tech and crypto markets in the MENA region.
As the South Korean market is dropping, Hashed aspires to secure a spot in the Abu Dhabi market, foreseeing Abu Dhabi’s Web3 sphere emerging as a hub.
The need of the Seoul-based firm is to support competitive companies from Korea and East Asia, broadening its operations to MENA through Abu Dhabi. These are the two objectives of Hashed that will be fruitful with this integration.
“This strategic move will help them leverage the favorable regulatory environment and substantial funding opportunities in the UAE,” CEO Simon Kim stated.
In addition to this new advancement with Hub71, Hashed is already working with unicorn companies to meet the strategic business needs to widen within the Abu Dhabi and Middle Eastern markets.
The Abu Dhabi market is known for the friendly regulatory framework implemented in the crypto space, plus its diversified ecosystem designed to develop with secure opportunities makes room for Hashed to establish itself.
