Zug, Switzerland – October 2024: In a groundbreaking move to connect and bolster the Web3 ecosystems of Dubai and Switzerland, DMCC (Dubai Multi Commodities Centre) has entered into a strategic collaboration with CV VC, one of Switzerland’s leading early-stage blockchain venture capital firms. The agreement was officially signed during the CV Summit 2024, Switzerland’s premier blockchain and Web3 event, which drew thousands of industry leaders and entrepreneurs to Zug this week.
This partnership between the DMCC Crypto Centre and CV VC, a founding entity of Switzerland’s renowned Crypto Valley, aims to create a vibrant innovation corridor linking two of the world’s most dynamic Web3 ecosystems. Together, the two entities will focus on accelerating Web3 entrepreneurship, facilitating cross-border collaboration, and fostering blockchain innovation between Dubai and Switzerland.
Strategic Regional Collaboration to Drive Web3 Innovation
The partnership will scale up both ecosystems through a range of joint initiatives, including educational programs such as workshops and seminars, resource-sharing, and collaborative workspaces. Both parties are set to co-host key industry events, including the Web3 Hub during the World Economic Forum in Davos in January 2025. CV VC will also serve as a key partner in the upcoming DMCC-Bybit Hackathon, further underlining the shared commitment to fostering blockchain technology in the region.
Speaking on the occasion, Feryal Ahmadi, Chief Operating Officer of DMCC, remarked, “This strategic alliance between CV VC and the DMCC Crypto Centre not only offers our members access to a range of unique benefits but also scales Web3 innovation across both Dubai and Switzerland. Greater collaboration, knowledge exchange, and resource-sharing will unlock the vast potential of Web3 and drive the next wave of global adoption. By connecting our ecosystems, we pave the way for a more interconnected and innovative future for businesses around the world.”
A Commitment to Mutual Growth in Blockchain
Mathias Ruch, Founder & CEO of CV VC, emphasized the importance of the partnership in fostering growth across both regions. “This alliance is an opportunity to exchange knowledge and resources, supporting the blockchain ecosystem in both the Middle East and Switzerland. We are excited about the prospects this collaboration presents for innovation and growth in the space.”
Olaf Hannemann, Co-Founder & CIO of CV VC, added, “From an investment perspective, the Middle Eastern blockchain ecosystem has matured significantly over the past few years. With a long-term vision and deep motivation to invest in future technologies, we see significant opportunities to grow the space further through this collaboration.”
Strengthening the Web3 Ecosystem
With over 600 members, the DMCC Crypto Centre stands as a comprehensive ecosystem for companies developing Web3 and blockchain technologies. It has quickly grown to become the largest concentration of crypto and Web3 firms in the region, providing businesses with all the necessary resources to establish and scale operations.
CV VC, based in Switzerland, focuses primarily on early-stage blockchain startups. As a founding member of the Swiss Crypto Valley, it has been instrumental in identifying, incubating, and accelerating blockchain ventures worldwide.
This alliance marks a significant step forward in connecting two of the world’s most innovative blockchain hubs and fostering the growth of Web3 entrepreneurship on a global scale.
