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Zug, Switzerland & Dubai, UAE – October 7, 2024. Crypto Valley Venture Capital (CV VC) and Dubai Multi Commodities Centre (DMCC) have entered into a strategic collaboration to connect and mutually support the Web3 ecosystems in the Middle East and Switzerland.

The collaboration agreement focuses on ecosystem development, resource-sharing, and participation in prominent industry events. While DMCC partnered with CV Summit, Switzerland's premier blockchain business event, CV VC will partner in the upcoming DMCC & ByBit Hackathon, underscoring a shared commitment to fostering blockchain innovation through strategic regional alliances.

“This alliance is an opportunity to exchange knowledge and resources, supporting the growth of the blockchain space in both the Middle East and Switzerland,” said Mathias Ruch, CV  VC Founder & CEO.

“From an investment perspective, we feel the Middle Eastern Ecosystem has significantly matured over the last few years, driven by a long-term vision and a deeply rooted motivation to invest in future technologies”, added Olaf Hannemann, Co-Founder & CIO of CV VC.

Announced during the CV Summit in Zug, Feryal Ahmadi, Chief Operating Officer, DMCC, said: "We are delighted to announce this latest strategic alliance between CV VC and DMCC Crypto Centre, which will not only provide our members with a range of unique benefits but scale up Web3 innovation between Dubai and Switzerland. We recognise the immense value that greater collaboration, knowledge exchange, and resource-sharing can bring to unlocking the potential of Web3. By connecting our ecosystems, we can drive the next phase of global Web3 adoption and pave the way for a more interconnected and innovative future for businesses worldwide.”

The agreement also includes workspace exchanges for startups crossing between both regions and joint participation in major industry events such as the Web3 Hub Davos in January 2025. Through this collaboration, DMCC and CV VC aim to bridge two vibrant Web3 markets, accelerating entrepreneurship and industry growth on a global scale.
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‍About CV VC - Investing today in tomorrow’s future
CV VC is a private blockchain venture capital firm providing seed funding and an acceleration program to transformative technology teams worldwide. Qualified investors can gain exposure to blockchain technology and digital assets with CV VC’s investment product suite, which includes venture capital portfolios and portfolios of liquid hedge funds. CV VC’s expertise also extends to offering blockchain industry consulting and advisory services to corporates and governments. CV Labs is the ecosystem business pillar of CV VC.

About DMCC
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high-performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future.