Deal signed to attract new stream of crypto firms to Dubai

Deal signed to attract new stream of crypto firms to Dubai

Retail, Uncategorized















DUBAI / WAM

DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has partnered with Digital Wave Finance (DWF) Labs, a global digital asset market maker and multi-stage web3 investment firm, to offer a new $5 million growth platform for web3 and blockchain businesses at the DMCC Crypto Centre.

As a new ecosystem partner, DWF Labs will establish the DWF Ventures Studio, which will support nascent web3 and blockchain businesses using the DMCC Crypto Centre and Dubai as a hub from which they can scale their operations locally, regionally and globally. The partnership was announced during the “Sunset Meet and Greet” event organised by DWF Labs in Dubai.

Building on the Crypto Centre’s wide offering, the DWF Venture Studio will provide multiple benefits for early-stage startups based in DMCC, including consultancy services, increased connection to global venture capital, market making services on tier one and two exchanges, a range of workshops and direct capital investments.

DWF aims to invest in 50 startups operating in the web3 space, with multiple additional investments for best performing companies, and a $500,000 investment