Klumi Ventures Teams Up With DWF Labs to Enhance the Web3 Ecosystem in the UAE

Web3 venture capital firm Klumi Ventures unveiled a collaboration with DWF Labs , a Web3 investor and market maker, focuses on improving the Web3 and digital asset space in the UAE while supporting the Abu Dhabi Economic Vision 2030 objectives.

Klumi Ventures is recognized as the pioneering blockchain-focused venture capital firm and fund manager, operating under the regulations of Abu Dhabi Global Markets. They offer substantial resources to startups, including advisory services, incubation, technical support, legal advice, and fund management.

Kristiina Lumeste, the co-founder and CEO of Klumi Ventures, stated in a press release that 'DWF Labs has made significant strides in the Asian market and is now setting its sights on expanding into the UAE.' She expressed enthusiasm about aiding leading companies in the DWF portfolio and fostering the growth of the Web3 ecosystem in the UAE.

By merging Klumi Ventures' regional Web3 insights with DWF Labs' expertise in market-making and investment, the collaboration aims to catalyze local digital innovation. Both entities are committed to enhancing the Web3 ecosystem with robust resources to support emerging ventures as well as established companies.

DWF Labs functions as a Web3 investor and operates as a market maker across both spot and derivatives markets on over 60 top exchanges.

Andrei Grachev, Managing Partner at DWF Labs, shared with Cryptocurrencylistings, 'The UAE is primed for the adoption of Web3, backed by the necessary investor interest, wealth, and a supportive regulatory landscape for innovation. What remains is the blockchain framework that will enable Web3 startups to thrive and for investors to trade and manage digital assets effectively.' He also emphasized their excitement in partnering with Klumi Ventures to boost Web3 adoption in this strategically important area. This partnership builds on DWF Labs' previous investments in the UAE, including a $500,000 fund designated for fostering exceptional startups. Now, they are equipped to expand this initiative by delivering market-making and investment resources critical for the UAE’s full embrace of Web3 and digital assets.

Klumi Ventures and DWF Labs Collaboration: Emphasizing Strategic Guidance, Investments, Over-the-Counter Solutions, and Educational Outreach 

The partnership between the companies focuses on several strategic objectives. They plan to establish comprehensive advisory services aimed at organizations looking to enter the UAE market . This encompasses assistance with market entry strategies, compliance with regulations, fundraising efforts, and business development aimed at fostering successful growth. Additionally, leveraging DWF Labs' investment and market-making experience, the partnership intends to provide Klumi Ventures’ portfolio companies with crucial access to liquidity and capital, enabling them to flourish in the UAE’s expanding digital asset market.

Furthermore, DWF Labs will facilitate over-the-counter (OTC) transactions by providing tailored solutions for clients aiming to securely and efficiently trade substantial volumes of digital assets. The firm also intends to roll out a comprehensive options trading platform, granting Klumi Ventures’ clientele access to numerous yield-generating opportunities while managing risk effectively. Moreover, starting this year, the partnership will initiate a series of educational workshops in the UAE, crafted to equip participants with the essential insights and tools for success in the local Web3 arena. These programs will cover strategies, networking opportunities, regulatory and legal considerations, along with the nuances of navigating the regional market.