Techub News reports that The Hashgraph Group (THG), based in Switzerland, has obtained a fund management license from the Abu Dhabi Global Market (ADGM), according to Fintech Finance News. The license obtained by Hashgraph Ventures Manager, a subsidiary of The Hashgraph Group, allows it to launch a $100 million Web3 venture capital fund from the Abu Dhabi Global Market (ADGM).
The Hashgraph Group will invest $20 million, which is 20% of the fund, as seed capital. The fund will focus on investing in startups and established companies within the Hedera ecosystem. The fund will prioritize strategic investments in Web3 and deep tech sectors (developing artificial intelligence (AI), blockchain, robotics, and quantum computing solutions). Eligible projects will have the opportunity to participate in the Hashgraph Association's startup studio program.
