In a significant boost for the UAE’s digital transformation, Klumi Ventures, an Abu Dhabi-based regulated Web3 Venture Capital and Fund Manager, has forged a strategic partnership with DWF Labs, a leading Web3 investor and market maker. This collaboration is set to strengthen the UAE’s burgeoning Web3 ecosystem, aligning with Abu Dhabi’s Economic Vision 2030. By combining Klumi Ventures’ regional expertise with DWF Labs’ investment and market-making capabilities, the partnership aims to accelerate digital innovation across the UAE.
This alliance brings together two powerful entities in the Web3 landscape. Klumi Ventures is recognized for successfully onboarding projects into the UAE market and supporting digital asset growth with its comprehensive go-to-market strategies. DWF Labs, awarded by Binance as a VIP Longest Standing Client for its five years of VIP trading, brings a wealth of experience from Asia and plans to extend its influence into the UAE.
Kristiina Lumeste, SEO and Founder of Klumi Ventures, expressed excitement about the collaboration, praising DWF Labs for its strong presence in the Web3 space and highlighting the mutual goal of advancing the UAE’s Web3 ecosystem. Klumi Ventures aims to support DWF’s portfolio companies while contributing to the UAE’s leadership in digital assets.
The partnership framework focuses on several key initiatives aimed at fostering innovation within the UAE’s digital asset market:
- Strategic Advisory: Both companies will offer guidance on market entry, regulatory compliance, fundraising, and business development to businesses entering the UAE.
- Investments and Market-Making: DWF Labs will provide liquidity and access to capital for Klumi Ventures’ portfolio companies, supporting their growth within the UAE’s digital market.
- OTC Deals and Options: DWF Labs will facilitate large-volume digital asset trading and launch a full-scale options platform to provide clients with secure, customized trading solutions and yield opportunities.
- Market Education: Beginning in 2024, the partnership will offer educational workshops covering strategy, regulatory needs, and market complexities to equip participants for success in the Web3 ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, noted that the partnership marks a significant step in building a robust Web3 ecosystem in the UAE, combining the strengths of both companies to drive sustainable growth and digital transformation.
In conclusion, the partnership between Klumi Ventures and DWF Labs is set to play a pivotal role in shaping the UAE’s future as a global leader in blockchain technology. By fostering innovation and accelerating Web3 adoption in the MENA region, both firms are committed to ensuring that the UAE remains at the forefront of the digital economy.
