Story Highlights

Hashed Ventures, a leading crypto venture capital firm, is extending its operations to Abu Dhabi to leverage the UAE's favorable crypto regulations.

Hub71 in Abu Dhabi, backed by a $2 billion Web3 initiative, is drawing significant investment and talent.


With Abu Dhabi spearheading the movement, the UAE is emerging as a prime hub for Web3 companies.

The fast-paced landscape in cryptocurrency has yet another tectonic shift. Hashed Ventures, one of the most rising crypto exchanges from South Korea, is hitting headlines for its partnership with the well-esteemed tech ecosystem group from Abu Dhabi called Hub 71. This memorandum of understanding is all set to unleash a revolution on the UAE with an end-to-end initiative in Web3, focused on blockchain and metaverse application innovations.

New Abu-Dhabi Venture

Hashed Ventures looks for collaboration with other Korean exchanges to establish a new venture in Abu Dhabi. With Hub 71's backing, the project is intended to give Web3 startups unparalleled access to a number of programs, initiatives, and partnerships. These include collaborations with corporations, governments, and investors across global markets and the UAE who will be willing to provide fertile ground for technological advancement and business growth.

Global Strategic Expansion of South Korea

According to Bloomberg

Hashed Ventures is going to leverage Abu Dhabi's favorable conditions in terms of its crypto-friendly regulatory framework and strategic geographic position. The company is already active in Singapore and San Francisco, but it sees Abu Dhabi as a main business hub in its global expansion.


International growth is key, according to CEO Simon Kim, against the backdrop of South Korea's shrinking population, as Korean entrepreneurs dazzle with global acumen. Drawn by the supportive Abu Dhabi regulatory landscape toward crypto, Hashed Ventures plans to look for fundraising opportunities in this region. This goes without saying that Abu Dhabi's Hub 71 the $2 billion Web3 program is primed to kindle the integration process of Hashed Ventures locally.

The Hashed Ventures' CEO's Vision.

According to Hashed Ventures CEO Simon Seo-Joon Kim

Korean crypto entrepreneurs are among the world's best. He cites domestic challenges such as a falling population as driving their move to friendlier overseas locations. Abu Dhabi is turning out to be one of the prime destinations with its very friendly and clear regulatory environment.


Kim is already assisting other South Korean companies, some valued at over $1 billion, in their transition to Abu Dhabi. He emphasizes the unique appeal of the UAE market, particularly Abu Dhabi's regulatory clarity for Web3 startups. This regulatory support is a significant draw for Web3 startups, leading many to establish offices in the city.

Hub 71's Digital Asset Initiative

On February 15, Hub 71 announced a digital asset initiative aimed at supporting blockchain and other crypto projects coming to the city. With more than $2 billion in capital, the platform promises state-of-the-art infrastructure and a progressive regulatory framework. This initiative is set to create an excellent environment for startups, ensuring they have the resources and support needed to thrive.