South Korean crypto venture capital firm Hashed Ventures has partnered with Abu Dhabi's tech ecosystem Hub71.

Hashed Ventures aims to explore investment opportunities in the MENA region's tech and crypto sectors.

Hashed Ventures manages assets totaling US$700 million.

The partnership will leverage Abu Dhabi's resources to expand Hashed's portfolio companies and attract South Korean tech startups to the UAE.

Hub71, a state-backed tech incubator, will provide Hashed with funding, mentorship, and market opportunities.

CEO Simon Seo-Joon Kim highlighted the UAE's crypto-friendly regulatory environment as crucial for expansion.

The collaboration aims to introduce South Korean startups, especially those valued over US$1 billion, to the local market.

Hashed Ventures' move into Abu Dhabi is part of a global strategy to address challenges in the domestic market, such as South Korea's declining population.