VVF: $1 Billion Venture Fund for MENA Digital Economy & Blockchain Innovation

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•The Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
•The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.
•The fund’s leadership team consists of experienced traditional finance and blockchain professionals, including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with a strong track record in the MENA region.

The Venom Foundation, a Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, have announced the launch of a $1 billion venture fund called Venom Ventures Fund (VVF). The fund will focus on investing in innovative protocols and Web3 dApps, with a particular emphasis on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.

The fund’s leadership team consists of experienced traditional finance and blockchain professionals, including Peter Knez, ex-CIO at BlackRock, and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region. Through leveraging Iceberg Capital’s network, expertise, and capabilities, VVF will offer incubation programs and access to an extensive industry network. Additionally, VVF will offer investee projects with marketing, exchange listing, technical, legal, and regulatory support.

VVF will be an essential part of the Abu Dhabi Global Market’s mission to become the blockchain hub of the MENA region. The fund will build up the ecosystem of the blockchain industry and promote the development of the digital economy. It will also provide an opportunity for the region’s entrepreneurs to access the necessary resources to grow their businesses.

VVF will be a game-changer in the MENA region, and it has the potential to revolutionize the way digital technologies are developed and utilized. With its vast resources and capabilities, VVF will be an invaluable asset for the region’s entrepreneurs and innovators. The fund will provide them with the support and resources that are necessary to make their projects a success.

VVF will be an important step forward in Abu Dhabi’s ambitions to become the hub of the blockchain industry and the MENA region’s digital economy. It will provide the necessary resources for entrepreneurs to reach their full potential and build the future of the digital economy.