Bitcoin
Middle East-Based Sigma Capital Unveils $100M Fund to Accelerate Web3 Innovations
Credit : www.coindesk.com
Sigma Capital, an early-stage enterprise capital agency, has unveiled a $100 million fund centered on Web3 startups.
The Dubai-based firm is trying to capitalize on the United Arab Emirates’ (UAE) popularity as a crypto hub, in accordance with an emailed announcement on Tuesday.
The fund will give attention to decentralized finance (DeFi), tokenization and blockchain infrastructure by managing a portfolio of liquid tokens.
Dubai has vied for the place of a world crypto hub, together with Singapore and Hong Kong, which it has pursued by providing pretty clear rules. Because of this, main crypto exchanges similar to Binance, Crypto.com and OKX have obtained approvals there up to now yr.
Learn extra: MANTRA Blockchain to Tokenize $1 Billion in Actual World Property for UAE-based Actual Property Firm DAMAC
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