Hashgraph Association and QFC Launch $50m Venture Studio in Qatar to Foster Digital Asset Innovation

IconCNT16 May, 2024

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Hashgraph Association and QFC Launch $50m Venture Studio in Qatar to Foster Digital Asset Innovation

The Hashgraph Association (THA), a non-profit organization dedicated to supporting the growth of the Hedera ecosystem, has partnered with the Qatar Financial Centre (QFC) to launch a $50 million venture studio focused on digital asset development. The venture studio will provide funding and support to startups and entrepreneurs developing regulatory-compliant DeFi solutions and digital assets on the Hedera Distributed Ledger Technology (DLT) network. This initiative aims to foster innovation and accelerate the adoption of digital assets in Qatar and beyond. The partnership between THA and QFC underscores the growing interest in digital assets and the potential of DLT to transform various industries. The venture studio will play a vital role in supporting the development of a robust digital asset ecosystem in Qatar, attracting global talent and investment.

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