The Hashgraph Association (THA) has announced a partnership with the Qatar Financial Center to launch a digital asset venture studio. The goal is to support DeFi solutions and regulatory compliant digital assets using Hashgraph. Venture Studio will provide $50 million to startups over the next five years. Hashgraph will contribute $10 million to the fund.
The Digital Asset Venture Studio will be part of the Qatar Digital Asset Lab within the QFC Innovation Dome, launched in December 2023 as part of the Qatar’s National Vision 2030. The Hashgraph Association previously collaborated with the Saudi Ministry of Investment (MISA) to create the $250 million DeepTech Venture Studio, focusing on technologies such as artificial intelligence, Internet of Things, blockchain/DLT, robotics and quantum computing.
Stefan DEISS, co-founder and CEO of The Hashgraph Group, said the government-approved Digital Assets Venture Studio in Doha will empower the next generation of Web3 financial entrepreneurs. Switzerland, where THA is based, will offer an entrepreneur exchange program with support from the canton of Schwyz to enable entrepreneurs from Qatar to travel to Switzerland and vice versa. THA will also launch a sandbox to pilot use cases for Hedera technology.
Image: VOI
