{"id":82731,"date":"2024-06-27T04:44:15","date_gmt":"2024-06-27T08:44:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82731"},"modified":"2024-06-27T04:44:18","modified_gmt":"2024-06-27T08:44:18","slug":"hashed-ventures-reportedly-expands-to-abu-dhabi-market","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hashed-ventures-reportedly-expands-to-abu-dhabi-market\/","title":{"rendered":"Hashed Ventures Reportedly Expands to Abu Dhabi Market"},"content":{"rendered":"\n

According to report, South Korean crypto firm Hashed Ventures has entered the Abu Dhabi market<\/a> by partnering with Hub 71, the city's tech ecosystem organization.<\/p>\n\n\n\n

\"Hashed
Hashed Ventures Reportedly Expands to Abu Dhabi Market<\/figcaption><\/figure>\n\n\n\n

On June 27, Bloomberg reported that Simon Seo-Joon Kim, CEO of Hashed, has announced that his company will establish an office in the city and has initiated discussions with other prominent South Korean crypto firms to facilitate their entry into the emerging United Arab Emirates crypto market.<\/p>\n\n\n\n

One of the largest crypto companies to have relocated to the UAE's capital, the Seoul-based venture capital firm has been bolstering its efforts to attract crypto talent.<\/p>\n\n\n\n

Kim stated that, despite his conviction that Korean crypto entrepreneurs are among the most talented in the world, the country's domestic market is experiencing challenges due to a declining local population, which makes overseas locations like the UAE more appealing to crypto founders.<\/p>\n\n\n\n

Kim said he assisted other South Korean companies with valuations exceeding $1 billion in their transition to Abu Dhabi.<\/p>\n\n\n\n

Kim stated, “The UAE is a unique market because Abu Dhabi provides the most welcoming and transparent regulatory framework for Web3 <\/a>startups.”<\/p>\n\n\n\n

\n

\u201cSo these days, so many Web3 startups are opening Abu Dhabi offices.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

On February 15, Hub 71 announced a digital asset initiative that will support blockchain and crypto projects with over $2 billion in capital and is relocating to the city.<\/p>\n\n\n\n

At that time, Hub 71 intended to establish a more progressive and transparent domestic regulatory environment and provide crypto businesses with state-of-the-art infrastructure.<\/p>\n\n\n\n

Founded in 2017, Hashed oversees approximately $700 million in assets on a global scale.<\/p>\n\n\n\n

The company has invested in several notable crypto ventures, such as the play-to-earn game 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>, the perpetual trading platform dYdX, and Yuga Labs, the creator of Bored Ape Yacht Club.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

According to report, South Korean crypto firm Hashed Ventures has entered the Abu Dhabi market by partnering with Hub 71, the city’s tech ecosystem organization. On June 27, Bloomberg reported that Simon Seo-Joon Kim, CEO of Hashed, has announced that his company will establish an office in the city and has initiated discussions with other […]<\/p>\n","protected":false},"author":12,"featured_media":82743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1822,20241,1712,1394],"class_list":["post-82731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-abu-dhabi","tag-hashed-ventures","tag-south-korea","tag-uae"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/image-127.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82731","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82731"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82743"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}