Strategic Partnership to Advance UAE’s Digital Transformation
Klumi Ventures, an Abu Dhabi-based first regulated Web3 Venture Capital and Fund Manager enters into a strategic partnership with DWF Labs, a new generation Web3 investor and market maker to take the already thriving Web3 ecosystem in the UAE to the next level and in tune with Abu Dhabi Economic Vision 2030.
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By bringing together Klumi Ventures’ deep regional experience and DWF Labs’ widely recognized capabilities in market making and investment, the partnership will further accelerate digital transformation across the UAE. Collectively, the two companies will provide essential resources to help new entrants and institutions within the Web3 space navigate and further propel forward innovation and growth.
Joint Vision for Web3 and Digital Assets in the UAE
Klumi Ventures is known for seamlessly onboarding projects into the UAE while providing go-to-market strategies. It has now partnered with DWF Labs, recently recognized by Binance with a VIP Longest Standing Client Award for five years of VIP trading, to bring together DWF Labs’ rich experience in Asia and Klumi Ventures’ strong local network and commitment to UAE goals in digital assets.
Kristiina Lumeste, SEO and Founder of Klumi Ventures said, “DWF Labs is among the leading players in the Web3 space, great positioning in Asia and now expanding to the UAE. Klumi Ventures are very excited about supporting leading DWF portfolio companies and contributing to the growth of the Web3 ecosystem in the UAE.”
Key Areas of Collaboration
The partnership framework between Klumi Ventures and DWF Labs includes several critical initiatives:
- Strategic Advisory: Both companies will work together with the view to offer strategic advisory services to companies desirous of entering the UAE market. This encompasses go-to-market strategy, regulatory advisory, fundraising, and business development activities that help ensure successful market entry and expansion.
- Investments and Market-Making: Through the expertise provided by DWF Labs, the collaboration will translate into getting Klumi Ventures’ portfolio companies the much-needed liquidity and access to capital that would enable them to build effectively within the UAE’s rapidly growing digital asset market.
- Over-the-counter deals, Options: DWF Laboratories is going to facilitate OTC deals, presenting customised solutions for those clients who are interested in trading large-scale volumes of digital assets and guarantee complete security and efficiency. Similarly, DWF Labs will launch its full-scale options platform where clients of Klumi Ventures can access various yield opportunities with limited risk.
- Market Education: The partnership intends to implement a number of educational activities from 2024 onward, starting with workshops that would equip them with the knowledge and tools necessary to thrive in the Web3 ecosystem of the UAE regarding strategy, regulatory and legal requirements, and complexities of the market.
A Step Forward in UAE’s Web3 Ambitions
Andrei Grachev, Managing Partner at DWF Labs, was keen to highlight how such a partnership will facilitate both parties in realising their common purpose. “This partnership with Klumi Ventures is a big leap toward our mutual vision for the strong Web3 ecosystem that would foster innovation and sustainable growth across the UAE region. In this light, jointly we are well positioned to drive forward digital transformation in the UAE and empower both new entrants and established institutions to prosper within this dynamic landscape.”
Commitment to Innovation in Web3
In conclusion, the partnership between Klumi Ventures and DWF Labs stands on course to play an integral part in the realization of the UAE’s goals of emerging as one of the leading blockchain hubs globally. Klumi Ventures and DWF Labs are committed to shaping the future of the digital asset landscape through fostering innovation and accelerating the adoption of Web3 across the MENA region.
About Klumi Ventures
Abu Dhabi-based Klumi Ventures, regulated by Abu Dhabi Global Markets, is the leading blockchain-native Venture Capital Firm and Fund Manager in the Middle East. It has a strong focus on disruptive technologies leveraging blockchain, among a variety of other value propositions that range from strategic advisory and incubation to technical support, legal, and compliance expertise, including fund management services. Klumi Ventures is set to lead the transformation of the Web3 ecosystem across the region.
