Hashed Ventures, a prominent South Korean crypto venture capital firm, has announced its expansion into Abu Dhabi, the capital of the United Arab Emirates (UAE). The company, which manages around $700 million in assets, has partnered with Hub71, Abu Dhabi's state-backed tech incubator, to explore investment opportunities in the rapidly growing tech and crypto sectors of the Middle East and North Africa (MENA) region.

The collaboration with Hub71 will provide Hashed Ventures with access to funding, mentorship, and market opportunities in the MENA region, allowing the firm to scale its portfolio companies and attract South Korean tech startups to the UAE. CEO Simon Seo-Joon Kim cited the UAE's crypto-friendly regulatory environment as a key factor in Hashed's decision to establish a presence in Abu Dhabi.

Hashed's expansion to Abu Dhabi is part of its global strategy to mitigate the challenges faced in the domestic South Korean market, such as the declining population. The partnership is expected to introduce South Korean startups, particularly those valued at over $1 billion, to the Abu Dhabi tech landscape, which is poised for diversification and advancement.

By leveraging Abu Dhabi's strategic location and Hub71's resources, Hashed Ventures aims to strengthen its position in the global crypto and tech ecosystem, while also facilitating the entry of other prominent South Korean crypto firms into the UAE market.