Hashgraph Association Partners with Qatar Financial Centre to Launch $50 Million Digital Assets Venture Studio

The Hashgraph Association (THA), based in Switzerland, has announced a strategic partnership with the Qatar Financial Centre to establish a Digital Assets Venture Studio in Doha, Qatar. This $50 million venture, set to run from 2024 to 2028, aims to support the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets using Hedera Distributed Ledger Technology (DLT). THA will contribute $10 million to the initiative, which seeks to foster innovation in the digital asset space as part of Qatar’s National Vision 2030. The venture studio will be housed within the QFC Innovation Dome’s Digital Assets Lab, launched in December 2023 to accelerate digital asset research and development. This partnership aligns with Qatar’s fintech strategy to become a leading financial and commercial hub by 2030, focusing on legal and regulatory compliance, training, financing, and R&D support for startups and SMEs. The initiative also includes hosting fintech events to enhance Qatar’s visibility as a decentralized finance and digital asset hub. This move follows THA’s earlier partnership with the Saudi Ministry of Investment for a $250 million DeepTech Venture Studio, emphasizing the region’s commitment to advancing digital economy innovations.