According to Odaily, The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC). The collaboration will result in the establishment of a $50 million Digital Assets Venture Studio. The venture studio will support the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets based on the Hedera distributed ledger technology (DLT) network.
In addition, the partnership will invest in Web3 startups and DeFi projects supported by Hedera. The move is seen as a significant step towards fostering innovation in the digital assets space, particularly in the realm of DeFi solutions and DLT-based digital assets. The partnership between THA and QFC is expected to provide a significant boost to the digital assets industry, with a particular focus on regulatory-compliant solutions.
The establishment of the Digital Assets Venture Studio is a clear indication of the growing interest in digital assets and DeFi solutions. The studio will provide much-needed support to startups and projects in these areas, helping to drive innovation and growth in the sector. The strategic partnership between THA and QFC is a significant development in the digital assets space, and it is expected to have a substantial impact on the industry.