Hashgraph Association, in strategic alliance with Qatar Financial Centre (QFC), decided to launch a $50 million digital asset venture studio in Qatar. This initiative will focus on Hedera-backed Web3 ventures and businesses developing decentralized finance (DeFi) solutions. The program will run for five years from 2024 to 2028, with the Hedera Governing Council committing 20% of the total funding.
Investing in Web3 Ventures
Hashgraph Association, a Switzerland-based organization specializing in global digital enablement, announced its partnership with Qatar Financial Centre to launch the Digital Asset Venture Studio. This studio was announced at the Qatar Economic Forum and aims to invest in Hedera-backed Web3 ventures and businesses offering DeFi solutions.
The studio will offer local and international companies in Qatar the opportunity to develop innovative and regulatory-compliant financial products and secure digital asset solutions. It will also include the tokenization of real-world assets on the Hedera DLT network.
Partnership to Offer RWA Solutions
This partnership will also provide legal and regulatory-compliant real-world asset tokenization solutions and offer education, funding, and resources to startups and SMEs. Additionally, it aims to facilitate fintech events like the Web Summit in Qatar, showcasing developments in the digital asset space and enhancing Qatar’s leading position in this field.
This initiative is part of Hashgraph Association’s strategy to promote development in the Middle East and North Africa (MENA) region. Building on previous successes, this new partnership aims to support technological development and innovative projects in the region.
