Hashed Ventures Expands to Abu Dhabi Through a Partnership With Hub71

cryptonews.com:

South Korean venture capital firm Hashed Ventures is expanding its operations to Abu Dhabi in a new partnership with the region’s global tech ecosystem.

Hashed Ventures has entered into a partnership with Hub71 in Abu Dhabi, Edward Hong, the chief platform officer at the VC firm told CryptoNews.

The expansion shows Abu Dhabi’s growing status as a hub for technological innovation and blockchain development.

Hub71 is a state-backed tech ecosystem based in Abu Dhabi. The Silicon Valley-type hub is designed to foster innovation and support startups and tech companies.

It offers a support system to firms including access to funding, mentorship, and market opportunities, making it an attractive destination for tech and crypto firms.

Hub71 partnerships span across various sectors and with backing from firms like Mubadala Investment Company. The ecosystem aims to give startups office space, resources, and networking opportunities.

Seoul-based Hashed Ventures has a huge portfolio of investments in the blockchain and crypto space. The South Korean VC firm is known for backing early-stage crypto projects and has invested in several high-profile ventures such as Ethereum, Klaytn, and Terra.

Through expanding to the Middle East Hashed Ventures aims to make use of Hub71’s strategic location and resources to support and scale its portfolio companies, as well as to explore new investment opportunities in the Middle East and North Africa (MENA) region.

There are several other prominent crypto firms have established a presence in Hub71. One notable firm is MidChains, a regulated digital asset trading platform that operates out of Hub71.

MidChains aims to provide a secure and transparent trading environment for digital assets, benefiting from