{"id":82691,"date":"2024-06-26T15:25:29","date_gmt":"2024-06-26T19:25:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82691"},"modified":"2024-06-26T15:25:29","modified_gmt":"2024-06-26T19:25:29","slug":"hashed-ventures-announces-abu-dhabi-expansion","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hashed-ventures-announces-abu-dhabi-expansion\/","title":{"rendered":"Hashed Ventures Announces Abu Dhabi Expansion"},"content":{"rendered":"\n

South Korean-based crypto firm Hashed Ventures<\/a> unveiled plans to expand to Abu Dhabi, quoting the city's regulatory policies.<\/p>\n\n\n\n

\"Hashed
Hashed Ventures Announces Abu Dhabi Expansion<\/span><\/em><\/figcaption><\/figure>\n\n\n\n

Hashed Ventures, a digital asset firm headquartered in South Korea, has disclosed its intention to expand to Abu Dhabi, citing broader expansion objectives. Due to its innovative and transparent crypto policies, the Abu Dhabi market continues to draw numerous companies' attention. Hashed Ventures will introduce additional South Korean firms to the Abu Dhabi ecosystem.<\/p>\n\n\n\n

Hashed Ventures is focused on expanding globally<\/strong><\/h3>\n\n\n\n

The company will expand to Abu Dhabi by establishing regulations and partnering with Hub71, the country's technology ecosystem. The crypto investment firm has already established facilities in Singapore and San Francisco, citing the necessity to expand its reach, with over $700 million<\/strong> in assets under management. Simon Seo-Joon Kim, the CEO of Hashed Ventures, disclosed that the organization intends to investigate fundraising prospects in Abu Dhabi.<\/p>\n\n\n\n

Moreover, the expansion is occurring amid the company's struggles with local expansion due to the declining population in Korea and other factors.<\/p>\n\n\n\n

\n

\u201cFor the Korean startup, the mission to expand their business abroad is quite mandatory because the biggest problem of Korea is our population is decreasing. But I believe that the talent-wise, the Korean entrepreneur is one of the best in the world, so we have to expand our business abroad.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Kim stated that the organization is presently in the process of integrating several South Korean companies, which are valued at $1 billion, into Abu Dhabi. Yuga Labs, dYdX, and Axie Infinity\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> are among the portfolio companies for which Hashed is recognized.<\/p>\n\n\n\n

Transparent regulations stimulate Abu Dhabi's web3 market<\/strong><\/h3>\n\n\n\n

Over the past few years, Abu Dhabi has stood out as a web3-friendly metropolis, which has attracted investors to the city. The UAE has intensified its efforts to attract crypto companies, such as Binance and OKX, by implementing a $2 billion program to finance web3 firms within its Hub71 ecosystem<\/a>.<\/p>\n\n\n\n

Ahmad Ali Alwan, the CEO of Hub71, elucidated the prospects of South Korean businesses and other firms in Abu Dhabi. “We are enthusiastic about the opportunity to attract the most promising Web3 and digital asset technologies to the UAE capital and welcome additional Korean startups.”<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korean-based crypto firm Hashed Ventures unveiled plans to expand to Abu Dhabi, quoting the city’s regulatory policies. Hashed Ventures, a digital asset firm headquartered in South Korea, has disclosed its intention to expand to Abu Dhabi, citing broader expansion objectives. Due to its innovative and transparent crypto policies, the Abu Dhabi market continues to […]<\/p>\n","protected":false},"author":59,"featured_media":82701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1822,20241,1712],"class_list":["post-82691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-abu-dhabi","tag-hashed-ventures","tag-south-korea"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/UAE_Crypto_shutterstock_27Jan20.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82691"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82701"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}