Sigma Capital Launches a $100 Million Fund to Propel Web3 Innovations
Finance/Tech

Sigma Capital Launches a $100 Million Fund to Propel Web3 Innovations

Sigma Capital, a venture firm based in Dubai, has launched a substantial fund aimed at supporting Web3 startups, focusing on DeFi and blockchain infrastructure.

Key Highlights:

  • Sigma Capital, a venture firm in its early stages, has announced a $100 million fund targeting Web3 startups.
  • The company, based in Dubai, is leveraging the UAE's standing as a crypto hub.

Sigma Capital, positioned in Dubai, has introduced a $100 million fund dedicated to supporting startups in the Web3 domain. This initiative is part of a broader strategy to harness the United Arab Emirates' (UAE) established reputation as a significant player in the crypto space, as detailed in their recent announcement.

The focus of this fund will include decentralized finance (DeFi), tokenization, and blockchain infrastructure, aiming to manage a diverse portfolio of liquid tokens.

Moreover, Dubai is keen on securing its position alongside global crypto centers like Singapore and Hong Kong by implementing clear regulatory frameworks. Recently, notable crypto exchanges like Binance, Crypto.com, and OKX have obtained operational approvals within the region, bolstering its crypto ecosystem.

Additional Reading:

MANTRA Blockchain to Tokenize $1B of Real-World Assets for UAE-Based Property Firm DAMAC

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