TechFlow News, September 3 — According to Decrypt, Klumi Ventures, the first regulated Web3 venture capital and fund management firm headquartered in Abu Dhabi, has announced a partnership with DWF Labs, a next-generation Web3 investor and market maker, to advance the development of the UAE's Web3 ecosystem. The collaboration will encompass strategic advisory, investments and market making, over-the-counter trading, and market education.
Kristiina Lumeste, Founder of Klumi Ventures, said the partnership will support the growth of DWF’s portfolio companies within the UAE. Andrei Grachev, Managing Partner at DWF Labs, emphasized that the collaboration will drive digital transformation in the UAE. This strategic alliance aims to provide essential resources for new entrants and institutions, helping the UAE realize its vision of becoming a global blockchain hub and accelerating Web3 adoption across the Middle East and North Africa region.
