Hashgraph Association Partners With Qatar Financial Centre

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

The collaboration between the Hashgraph Association and Qatar Financial Centre (QFC) has resulted in the establishment of a $50 million digital asset venture studio in Qatar. Scheduled to run from 2024 to 2028, this project aims to develop Web3 ventures and DeFi solutions with the support of Hedera's distributed ledger technology. The Hedera Governing Council will contribute 20% of the total funding.

Commitment to Web3 Ventures

Headquartered in Switzerland, the Hashgraph Association specializes in global digital enablement and has teamed up with QFC to introduce the Digital Asset Venture Studio. Launched at the Qatar Economic Forum, this program will concentrate on promoting Hedera-backed Web3 ventures and businesses offering DeFi solutions.

The studio's primary goal is to assist both local and international companies in Qatar in developing innovative and compliant financial products. Additionally, it aims to facilitate the creation of secure digital asset solutions, including real-world asset tokenization using the Hedera network.

Offering Tokenization Solutions

The partnership will provide legal and regulatory-compliant tokenization solutions for tangible assets. It intends to provide startups and SMEs with education, financing, and necessary resources. Moreover, the initiative intends to showcase advancements in the digital asset industry and strengthen Qatar's leadership through fintech events like the Web Summit.

This venture is a strategic move by the Hashgraph Association to foster development in the Middle East and North Africa (MENA) region. Through this collaboration, technological progress and innovative projects in the region will be supported.

Concrete Benefits for Stakeholders

Key benefits of this initiative include:

  • Access to $50 million in funding for Web3 and DeFi projects.
  • Opportunities for local and international companies to create innovative and compliant financial products.
  • Support for startups and SMEs through education, funding, and resources.
  • Legal and regulatory-compliant solutions for real-world asset tokenization.
  • Enhanced visibility and networking opportunities through major fintech events in Qatar.

This collaboration is geared towards advancing digital and financial innovation, establishing Qatar as a prominent player in the global digital asset arena.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Continuous Ecosystem Maintenance in Solana's November Update

The November update reflects ongoing maintenance efforts within the Solana ecosystem, crucial for supporting demanding financial applications.

user avatarGustavo Mendoza

Improvements in Solana's JavaScript SDK Build Process

The changelog reveals a significant reduction in the JavaScript SDK build process time, promising enhanced productivity for developers.

user avatarMaria Fernandez

Circle Proposes Stablecoins for AI Agent Payments

Circle proposes that stablecoins could serve as a vital payment layer for AI agents, enabling automated transactions for software and services.

user avatarDiego Alvarez

Ethereum Wallet Activates After Over a Decade

An early Ethereum wallet has transferred approximately $46 million worth of ETH after being inactive for over 11 years.

user avatarKenji Takahashi

Solana's November 5 Developer Changelog Highlights Tooling and Validator Improvements

The latest developer changelog from Solana emphasizes a series of tooling and validator enhancements rather than a major network upgrade.

user avatarRajesh Kumar

Bitcoin Faces Critical Resistance as Market Dynamics Shift

Bitcoin's price action indicates critical resistance levels that need to be reclaimed for a sustained recovery.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.