Hashed Ventures, a South Korean cryptocurrency investment firm, has announced plans to expand in Abu Dhabi through a partnership with the city's technology group, Hub 71.
As reported by Bloomberg on June 27, Hashed CEO Simon Seo-Joon Kim has stated his company will establish an office in Abu Dhabi and is currently negotiating with other major South Korean cryptocurrency firms to help them enter the UAE's growing cryptocurrency market.
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Among the many cryptocurrency companies making their way to the Emirati capital, Seoul-based Hashed Ventures is one of the most prominent.
Kim has explained that while he believes Korean crypto entrepreneurs are among the most qualified in the world, the declining population and other domestic market issues make places like the UAE more attractive to cryptocurrency founders.