Jan 14, 2025
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Sigma Capital Launches $100 Million Fund for Web3 Startups
Sigma Capital has launched a $100 million fund aimed at Web3 startups, focusing on decentralized finance (DeFi), tokenization, and blockchain infrastructure. The Dubai-based venture firm seeks to leverage the UAE's growing reputation as a crypto hub.
- The fund will manage a portfolio of liquid tokens.
- Dubai competes with Singapore and Hong Kong to establish itself as a global crypto center.
- Recent regulations have attracted major crypto exchanges like Binance, Crypto.com, and OKX.