$HBAR 💰💰💰💰💰📈📈📈Hedera, an open-source public proof-of-stake (PoS) company, has announced a multi-year strategic partnership with the government of Saudi Arabia.

DeepTech Studio secures new $250 million funding fund According to the X announcement, the PoS blockchain has entered into a core alliance with the Saudi Ministry of Investment. The agreement, which is set to last for five years, is worth $250 million. In addition to the cooperation between the Hedera Fund and Saudi Arabia. Hedera Hashgraph also announced the launch of DeepTech Venture Studio.

The post on the X platform read: “In the presence of Their Highnesses, MISA and Hashgraph signed a Memorandum of Understanding during the #SaudiSwissRoundtableMeeting, aiming to enhance innovative investment opportunities in the Kingdom of Saudi Arabia by partnering locally and globally to support the entrepreneurship ecosystem

https://sa.investing.com/news/cryptocurrency-news/article-2509307