Middle East-based Sigma Capital launches $100 million fund to accelerate Web3 innovation
2025-01-14 10:07:55
Coindesk report early stage venture investment firm sigma capital launchdesk3cryptocurrencydesktopCrypto News
According to CoinDesk, early-stage venture capital firm Sigma Capital has launched a $100 million fund focused on Web3 startups. According to an announcement via email on Tuesday, the Dubai-based firm is trying to capitalize on the reputation of the United Arab Emirates (UAE) as a cryptocurrency hub. The fund will focus on decentralized finance (DeFi), tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens.
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