In a significant development for the UAE’s digital landscape, Klumi Ventures, an Abu Dhabi-based regulated Web3 Venture Capital and Fund Manager, has entered into a strategic partnership with DWF Labs, a prominent Web3 investor and market maker. This collaboration is aimed at advancing the already thriving Web3 ecosystem in the UAE, aligning closely with Abu Dhabi’s Economic Vision 2030. By leveraging Klumi Ventures’ extensive regional expertise and DWF Labs’ recognized capabilities in market making and investment, the partnership is expected to significantly boost digital transformation across the UAE.
This partnership brings together two powerhouses in the Web3 space, each contributing unique strengths. Klumi Ventures, renowned for its ability to seamlessly onboard projects into the UAE market, offers comprehensive go-to-market strategies that have been instrumental in supporting the growth of digital assets in the region. On the other hand, DWF Labs, recently honored by Binance with a VIP Longest Standing Client Award for its five years of VIP trading, brings its vast experience in Asia to the table. This collaboration is set to enhance the UAE’s position as a leading hub for digital assets by combining DWF Labs’ market expertise with Klumi Ventures’ strong local network and commitment to the UAE’s digital goals.
Kristiina Lumeste, the SEO and Founder of Klumi Ventures, expressed enthusiasm about the partnership, noting that DWF Labs is one of the foremost players in the Web3 space with a strong presence in Asia and plans to expand into the UAE. She emphasized that Klumi Ventures is eager to support DWF’s portfolio companies and contribute to the ongoing growth of the UAE’s Web3 ecosystem.
The partnership framework between Klumi Ventures and DWF Labs is built on several key initiatives designed to foster innovation and growth within the UAE’s digital asset market. These initiatives include:
Strategic Advisory: The two companies will collaborate to offer strategic advisory services to businesses looking to enter the UAE market. This will involve guiding companies on go-to-market strategies, regulatory compliance, fundraising, and business development to ensure successful market entry and expansion.
Investments and Market-Making: Leveraging DWF Labs’ expertise, the partnership will provide Klumi Ventures’ portfolio companies with essential liquidity and access to capital, enabling them to effectively build and expand within the UAE’s rapidly evolving digital asset market.
Over-the-Counter (OTC) Deals and Options: DWF Labs will facilitate OTC deals, offering customized solutions for clients interested in trading large volumes of digital assets with a focus on security and efficiency. Additionally, DWF Labs plans to launch a full-scale options platform that will provide Klumi Ventures’ clients with various yield opportunities, minimizing risk.
Market Education: Starting in 2024, the partnership aims to implement a series of educational initiatives, including workshops that will equip participants with the knowledge and tools needed to succeed in the UAE’s Web3 ecosystem. These workshops will cover strategy, regulatory and legal requirements, and the complexities of the market.
Andrei Grachev, Managing Partner at DWF Labs, highlighted the significance of this partnership, stating that it represents a substantial step towards realizing a shared vision for a robust Web3 ecosystem that will drive innovation and sustainable growth throughout the UAE. He emphasized that the combined strengths of Klumi Ventures and DWF Labs position them well to advance digital transformation in the UAE and empower both new entrants and established institutions to thrive in this dynamic landscape.
In conclusion, the partnership between Klumi Ventures and DWF Labs is poised to play a crucial role in achieving the UAE’s ambition of becoming a global leader in blockchain technology. By fostering innovation and accelerating the adoption of Web3 across the MENA region, Klumi Ventures and DWF Labs are committed to shaping the future of the digital asset landscape, ensuring that the UAE remains at the forefront of the global digital economy.