Middle East-Based Sigma Capital Unveils $100M Fund to Accelerate Web3 Innovations

2025-1-14 13:00

Sigma Capital, an early-stage venture firm, has unveiled a $100 million fund focused on Web3 startups.

The Dubai-based company is attempting to capitalize on the United Arab Emirates' (UAE) reputation as a crypto hub, according to an emailed announcement on Tuesday.

The fund will focus on decentralized finance (DeFi), tokenization and blockchain infrastructure by managing a portfolio of liquid tokens.

Dubai has been jostling for the position of being a global crypto hub along with the likes of Singapore and Hong Kong, which it has strived to achieve through offering reasonably clear regulations. This has seen major crypto exchanges such as Binance, Crypto.com and OKX win approvals there in the last year.

Read More: MANTRA Blockchain to Tokenize $1B of Real-World Assets for UAE-Based Property Firm DAMAC

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Jason Attar Takes Cryptocurrency to the Big Screen in New Mockumentary

Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches.

2018-6-11 22:31