The Hashgraph Association (THA) has revealed a partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio. The goal is to support regulatory compliant DeFi solutions and digital assets leveraging Hashgraph.
The Venture Studio will commit $50 million to startups over the next five years. Hashgraph will be committing $10 million to the fund.
The Digital Assets Venture Studio will be part of Qatar’s Digital Assets Lab within the QFC Innovation Dome, launched in December 2023 as part of Qatar’s “National Vision 2030.”
Yousuf Mohamed Al-Jaida, Board Member and Chief Executive Officer of Qatar Financial Centre, the Hashgraph Association Digital Assets Venture Studio partnership is closely aligned with Qatar’s Fintech strategy, which is “instrumental in advancing our efforts in developing and launching innovative projects that establish the country as a financial and commercial hub by 2030.”
Kamal Youssefi, President of The Hashgraph Association, stated:
“We are delighted to sign this strategic partnership with the Qatar Financial Centre in Doha Qatar. We are committed to investing and fostering the growth of a vibrant Web3 and DLT/Blockchain ecosystem with a special focus on decentralized finance and digital assets in support of Qatar’s Vision 2030 aimed at fostering an innovative regulatory compliant digital economy.”
The Hashgraph Association previously partnered with the Saudi Ministry of Investment (MISA), for a $250 million DeepTech Venture Studio focused on technologies such as AI, IoT, Blockchain/DLT, Robotics, and Quantum Computing.
Stefan Deiss, Co-Founder & CEO of The Hashgraph Group, said the government-endorsed Digital Assets Venture Studio in Doha will empower the next generation of Web3 financial entrepreneurs.
Switzerland, where THA is based, will offer an entrepreneur exchange program backed by the Canton of Schwyz to enable entrepreneurs from Qatar to travel to Switzerland and vice versa.
THA will also launch a sandbox to pilot use cases leveraging Hedera technology.
