Middle East-Based Sigma Capital Unveils $100M Fund to Accelerate Web3 Innovations
Powered by @unfolded- Sigma Capital has launched a $100 million fund aimed at supporting Web3 startups, particularly in the areas of decentralized finance (DeFi), tokenization, and blockchain infrastructure.
- The fund is part of Sigma Capital's strategy to leverage the United Arab Emirates' emerging reputation as a global crypto hub.
- Dubai is positioning itself as a competitive player in the crypto space, attracting major exchanges like Binance and Crypto.com with its favorable regulatory environment.
- The fund will manage a portfolio of liquid tokens to accelerate innovations within the Web3 ecosystem.