Seoul-based crypto venture capital firm Hashed Ventures is expanding its presence to Abu Dhabi via a new partnership with the city’s global tech ecosystem Hub71, according to Bloomberg.

Hashed Ventures plans to open a local office in Abu Dhabi and is considering fundraising opportunities in the city, Hashed CEO Simon Kim told Bloomberg. 

The venture capital further aims to facilitate the entry of Korean startups into the United Arab Emirates market, especially in the fields of fintech and blockchain. Kim said that Hashed has already started working with South Korean companies with over $1 billion in value entering the Abu Dhabi market.

Abu Dhabi's tech incubator, Hub71, fosters the growth of startups by providing them with essential resources, facilitating connections to potential …