DMCC Crypto Centre to provide members with access to US$150 million accelerator fund

DMCC Crypto Centre to provide members with access to US$150 million accelerator fund

DUBAI, 11th October 2022 (WAM) -- DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has partnered with the global VC firm Brinc – a portfolio company of Animoca Brands, a global leader in Web3 and blockchain investment – to provide DMCC Crypto Centre members with access to Brinc’s US$150 million accelerator fund.

In addition to the comprehensive offering of the DMCC Crypto Centre, members will now also gain access to Brinc’s global network of innovative startups as well as business mentoring services from their new office in DMCC. The partnership will support the long-term and rapid growth of the companies that develop Web3 and blockchain technologies and associated value-added services at the DMCC Crypto Centre.

By providing an unparalleled environment for crypto entrepreneurs, SMEs and multinationals, the DMCC Crypto Centre has attracted over 450 crypto firms since its launch in 2021, making it the largest concentration of blockchain and Web3 businesses in the region. The DMCC Crypto Centre members operate in a broad range of sectors, using blockchain and Web3 technology in areas such as financial services, healthcare, entertainment, gaming and sustainability.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “We are