Latest news with #DMCCCryptoCentre
Business Insider
25-06-2025
- Business
- Business Insider
DWF Labs and DMCC Renew Strategic Agreement to Accelerate Blockchain Innovation in the MENA Region
Dubai, UAE, June 25th, 2025, Chainwire DWF Labs, a next-generation Web3 market maker and investor, is pleased to announce the renewal of its strategic partnership with DMCC, the leading international business district that drives the flow of global trade through Dubai. This collaboration reaffirms both parties' commitment to advancing blockchain and Web3 innovation across the Middle East. Since the launch of the partnership, DWF Labs has actively supported the growth of Dubai's crypto ecosystem through its global investment network and market infrastructure expertise. DWF Labs has invested 7 figures in companies operating out of the DMCC Crypto Centre to date, providing capital and strategic support to founders across multiple verticals within the Web3 space. The renewed agreement focuses on deepening this collaboration by fostering an environment where blockchain startups can access the capital, tools, and mentorship required to scale internationally. At the heart of this collaboration is the DWF Venture Studio, which continues to serve as a platform for startups within the DMCC Crypto Centre community. The initiative offers advisory support, global market access, and integration pathways to digital asset exchanges, further enabling Web3 founders to navigate both regional and global markets. With over 650 crypto and blockchain firms now operating out of DMCC, the Crypto Centre has become a vibrant hub for Web3 development in the region. This renewed partnership enhances that ecosystem by extending DWF Labs's global reach, technical insight, and strategic resources to entrepreneurs building from Dubai. Andrei Grachev, Managing Partner at DWF Labs, commented: 'Our renewed partnership with DMCC reflects a shared vision to make Dubai a launchpad for the next generation of Web3 projects. As the region's ecosystem matures, we are excited to work closely with builders who are driving innovation in digital finance, infrastructure, and applications.' In November 2024, DWF Labs co-sponsored one of the largest Web3 hackathons in the region, co-hosted by Bybit and DMCC Crypto Centre. The event brought together 15 global Web3 startups building in areas such as tokenisation, AI, Web3 infrastructure and decentralised identity, with the top five projects sharing a USD 160,000 prize pool. The hackathon further demonstrated DWF Labs' hands-on role in supporting DMCC to advance the Web3 ecosystem in Dubai. Belal Jassoma, Senior Director - Ecosystems (Tech), DMCC, added: 'Our renewed partnership with DWF Labs signals a deepening of our shared commitment to accelerating Web3 innovation in the region. Through the DWF Venture Studio, their global network and active engagement across our ecosystem, startups at the DMCC Crypto Centre gain invaluable access to the tools, mentorship and funding needed to thrive. With over 650 crypto companies now in our community, this collaboration strengthens our ability to support visionary founders as they scale from Dubai to the world.' This renewed collaboration also aligns with the UAE's Digital Government Strategy 2025, which emphasizes digital-by-design systems, data-driven innovation, and the creation of resilient, future-ready infrastructure. As Dubai advances its ambition to become a global hub for blockchain and emerging technologies, DWF Labs remains committed to supporting builders who are contributing to this vision through scalable, compliant, and globally competitive Web3 solutions. 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. Learn more: About DMCC DMCC is a leading international business district that drives the flow of global trade through Dubai. We make it easier for our members to do business, helping them access the world's fastest-growing markets from a dynamic district that offers everything they need to thrive. This approach is why we are the preferred location for over 25,000 top multinationals and high-impact startups, contributing significantly to Dubai's position as a global hub for trade and innovation. DMCC is where the world does business. For more information, visit Contact VP of Communications Lynn Chia
Hi Dubai
16-06-2025
- Business
- Hi Dubai
Bitcoin.com Establishes MENA Base in Dubai through DMCC Crypto Centre
a global leader in crypto education and self-custodial solutions, has launched its first Middle East and North Africa office in Dubai, joining the DMCC Crypto Centre. The move strengthens Dubai's position as a leading global hub for blockchain and Web3 innovation. The DMCC Crypto Centre, located in Uptown Tower, is home to more than 650 companies across the blockchain and digital asset value chain. It offers a comprehensive ecosystem that includes infrastructure support, mentoring, access to capital, and strategic partnerships — making it the region's largest concentration of crypto firms. With this expansion, aims to contribute to the emirate's fast-growing digital economy while leveraging its global expertise to support local and regional growth in the crypto space. The company has introduced millions to digital assets through its news platform and educational tools. Belal Jassoma, Director of Ecosystems at DMCC, said the partnership underscores Dubai's global appeal for Web3 companies and the Crypto Centre's role as a launchpad for blockchain innovation. Corbin Fraser, CEO of praised Dubai's progressive regulatory environment and DMCC's robust infrastructure as key factors behind the decision. 'Dubai is one of the most welcoming environments in the world for Web3 companies,' he said. Dubai's emergence as a digital asset hub is underpinned by its forward-looking regulatory framework, including the establishment of the Virtual Assets Regulatory Authority (VARA) — the world's first independent regulator for virtual assets. The DMCC now hosts over 25,000 businesses, including more than 3,200 tech companies. With over 800 firms across its technology-focused centres — including the Crypto, Gaming and AI hubs — DMCC continues to cement its role as a magnet for digital innovation. News Source: Dubai Media Office
