UAE’s crypto-friendly regulations and pro-governance stance have attracted numerous major companies to venture into the Middle East. Hashed Ventures, a South Korean crypto venture capital firm managing over $700 million in assets, is expanding to Abu Dhabi in collaboration with Hub71. This move aims to capitalize on Abu Dhabi’s favorable regulatory environment for cryptocurrencies and its strategic location. CEO Simon Kim highlighted the importance of expanding abroad due to Korea’s shrinking population, emphasizing the global talent of Korean entrepreneurs.
