According to Odaily Planet Daily, on April 17, QCP, a global digital asset trading company and market maker, and Further Ventures, a venture capital firm backed by Lunate and Mastercard, announced a strategic partnership at Dubai Token2049 to expand the scale of crypto asset management. QCP's annual trading volume in 2023 is close to US$60 billion, and it plans to enter the Abu Dhabi market. Abu Dhabi Global Market (ADGM) announced that by the end of 2023, its assets under management had increased by 35%, with 102 asset management companies managing 141 funds.
QCP and Further Ventures are collaborating to launch new financial derivatives. QCP CEO Melvin Deng said that the growing institutional adoption of digital assets, coupled with the exponential growth of traditional asset management, provides a compelling and untapped opportunity for QCP's expansion in Abu Dhabi. Faisal Al Hammadi, managing partner of Further Ventures, said that they chose QCP as the preferred partner to deepen their influence in the institutional digital asset ecosystem and bring new investment products to market.
