Switzerland-based Hashgraph Group has obtained a fund administration license from the Abu Dhabi International Market (ADGM) within the United Arab Emirates for its subsidiary, Hashgraph Ventures Supervisor, to launch a $100 million Web3 enterprise fund based mostly in ADGM.
With this license in place, Hashgraph Group plans to contribute $20 million i.e., 20% of the overall fund- as seed capital. The fund’s major focus will probably be on supporting early-stage and established corporations inside the Hedera ecosystem. The group thus, goals to foster innovation by prioritizing investments in corporations using the Hedera community whereas selling collaboration amongst Web3 enterprises.
The enterprise fund will give attention to strategic investments in Web3 and deep-tech sectors, together with synthetic intelligence (AI), blockchain, robotics, and quantum computing. Qualifying initiatives can even achieve entry to the Hashgraph Affiliation’s enterprise studio program, which supplies further sources and mentorship.
Stefan Deiss, co-founder and CEO of Hashgraph Group, remarked, “We’ve obtained robust curiosity in our Web3 ventures fund from present co-investors and ecosystem companions, together with authorities establishments, sovereign wealth funds, enterprise capital corporations, household workplaces, and different certified traders. We’re significantly deliberate in choosing strategic co-investor companions to make sure a diversified portfolio throughout goal business sectors.”
Kamal Youseff, president of the Hashgraph Affiliation, expressed the non-profit’s enthusiasm for supporting entrepreneurs and organizations working to develop transformative Web3 options with a constructive socio-economic affect.
Andrew Forson, Head of Ventures & Investments at Hashgraph Group, highlighted the method the crew employs in evaluating funding alternatives based mostly on key industrial and technological standards to make well-informed selections.
Additionally Learn: BlackRock Secures License To Function In Abu Dhabi, BTC Elevate off $92K
Switzerland-based Hashgraph Group has obtained a fund administration license from the Abu Dhabi International Market (ADGM) within the United Arab Emirates for its subsidiary, Hashgraph Ventures Supervisor, to launch a $100 million Web3 enterprise fund based mostly in ADGM.
With this license in place, Hashgraph Group plans to contribute $20 million i.e., 20% of the overall fund- as seed capital. The fund’s major focus will probably be on supporting early-stage and established corporations inside the Hedera ecosystem. The group thus, goals to foster innovation by prioritizing investments in corporations using the Hedera community whereas selling collaboration amongst Web3 enterprises.
The enterprise fund will give attention to strategic investments in Web3 and deep-tech sectors, together with synthetic intelligence (AI), blockchain, robotics, and quantum computing. Qualifying initiatives can even achieve entry to the Hashgraph Affiliation’s enterprise studio program, which supplies further sources and mentorship.
Stefan Deiss, co-founder and CEO of Hashgraph Group, remarked, “We’ve obtained robust curiosity in our Web3 ventures fund from present co-investors and ecosystem companions, together with authorities establishments, sovereign wealth funds, enterprise capital corporations, household workplaces, and different certified traders. We’re significantly deliberate in choosing strategic co-investor companions to make sure a diversified portfolio throughout goal business sectors.”
Kamal Youseff, president of the Hashgraph Affiliation, expressed the non-profit’s enthusiasm for supporting entrepreneurs and organizations working to develop transformative Web3 options with a constructive socio-economic affect.
Andrew Forson, Head of Ventures & Investments at Hashgraph Group, highlighted the method the crew employs in evaluating funding alternatives based mostly on key industrial and technological standards to make well-informed selections.
Additionally Learn: BlackRock Secures License To Function In Abu Dhabi, BTC Elevate off $92K
