South Korean-based Hashed Ventures, a prominent digital asset firm, has announced its plans to expand operations to Abu Dhabi, United Arab Emirates. The company cites the city's clear and innovative regulatory policies as the reason for this move. Hashed Ventures joins a growing list of firms attracted to Abu Dhabi's web3-friendly ecosystem, which offers a $2 billion program to fund web3 companies.

Hashed Ventures' expansion to Abu Dhabi is part of its global growth strategy, which includes exploring fundraising opportunities in the city. The company's CEO, Simon Seo-Joon Kim, expressed enthusiasm about the potential for Korean startups in Abu Dhabi, highlighting the city's friendly ecosystem and clear regulations. Kim also mentioned that the company is working to onboard several South Korean-based companies valued at $1 billion to Abu Dhabi.

Abu Dhabi has established itself as a hub for web3 companies, attracting investors and firms like Binance and OKX. The city's Hub71 ecosystem has been instrumental in this growth, offering a supportive environment for web3 and digital asset technologies. Ahmad Ali Alwan, CEO of Hub71, welcomed the prospect of more Korean startups joining the Abu Dhabi ecosystem, highlighting the potential for collaboration and growth.

Hashed Ventures' expansion to Abu Dhabi marks a significant milestone in the company's growth journey. With over $700 million in assets under management, the company has already established offices in Singapore and San Francisco. This move is seen as a strategic step towards exploring new opportunities in the Middle East and expanding its global presence.

In conclusion, Hashed Ventures' expansion to Abu Dhabi is a testament to the city's attractiveness as a web3 hub. The company's move is expected to pave the way for more Korean startups to enter the Abu Dhabi ecosystem, fostering collaboration and growth in the web3 space. As the web3 ecosystem continues to evolve, companies like Hashed Ventures are poised to play a significant role in shaping its future.