Switzerland-based Hashgraph Group has received a fund management license from Abu Dhabi Global Market (ADGM) in the United Arab Emirates. Hashgraph Ventures Manager, a subsidiary of Hashgraph Group, has been granted a license allowing it to launch a $100 million Web3 venture capital fund from Abu Dhabi Global Market (ADGM).
Hashgraph Group will contribute $20 million, or 20% of the fund, as seed capital. The fund will focus on investing in startups and established companies within the Hedera ecosystem. The fund will prioritize strategic investments in companies in Web3 and deep tech (developing artificial intelligence (AI), blockchain, robotics and quantum computing solutions). Eligible projects will have the opportunity to participate in the Hashgraph Association's Startup Studio program.
Hashgraph Group Secures Fund Management License in Abu Dhabi to Launch $100 million Web3 Fund
2024-12-25 23:41:58
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