Klumi Ventures, the first regulated Web3 Venture Capital and Fund Manager based in Abu Dhabi, and DWF Labs, a new generation Web3 investor and market maker have joined forces to bring the already flourishing Web3 ecosystem in the UAE to new heights.
This partnership underscores our mutual commitment to advancing the Web3 and digital asset landscape in the UAE, in line with the Abu Dhabi Economic Vision 2030. By combining Klumi Ventures’ regional Web3 expertise—already assisting projects in successfully transitioning to the UAE and go-to market strategies— with DWF Labs’ market making and investment capabilities—recently recognized with VIP longest standing client award by Binance for their five years of VIP trading—, we aim to accelerate digital transformation in the region. Our shared vision is to foster and expand the Web3 ecosystem in the UAE, providing all the necessary resources to help new entrants and institutions succeed. Building on DWF Labs’ significant experience in Asia, combined with Klumi Ventures’ high value local network and dedication to the UAE’s digital asset vision, this partnership is strategically placed to achieve its goals.
“DWF Labs, one of the leading players in the Web3 space, has achieved significant success in Asia and is now expanding its presence to the UAE. Klumi Ventures is excited to support the leading DWF portfolio companies and contribute to the growth of the Web3 ecosystem in the UAE.” stated Kristiina Lumeste, SEO and Founder of Klumi Ventures.
“This partnership with Klumi Ventures represents a significant step forward in our shared vision to build a robust Web3 ecosystem that supports innovation and sustainable growth across the UAE region. Together, we are strategically positioned to drive the digital transformation in the UAE, empowering both new entrants and established institutions to thrive in this dynamic landscape,” said Andrei Grachev, Managing Partner at DWF Labs.
In summary, the collaboration between Klumi Ventures and DWF Labs is well-equipped to contribute to the UAE’s ambitions of becoming a leading global blockchain hub. Together, we are committed to fostering innovation and accelerating Web3 adoption across the MENA region.
About Klumi Ventures
Klumi Ventures is the premier Venture Capital Firm based in Abu Dhabi, spearheading blockchain innovation and empowerment in the Middle East. Klumi Ventures holds the distinction of being the region’s first blockchain-native Venture Capital Firm and Fund Manager regulated by Abu Dhabi Global Markets. The firm provides comprehensive support to early-stage startups, offering a unique array of strategic advisory, incubation, technical support, legal and compliance expertise, and fund management services. The team focuses on disruptive technologies harnessing blockchain to deliver decentralized, transparent, and secure solutions, driving forward the evolution of the Web3 ecosystem.
For more details on Klumi Ventures, please visit klumiventures.com or follow on X and Linkedin.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
For more details, please visit www.dwf-labs.com
This post was last modified on Sep 03, 2024, 10:30 BST 10:30