Klumi Ventures and DWF Labs Partner to Boost UAE's Web3 Ecosystem

According to Odaily, Abu Dhabi-based regulated Web3 venture capital and fund management company Klumi Ventures has announced a partnership with market maker DWF Labs. The collaboration will focus on strategic consulting, investment and market making, over-the-counter trading, and market education, aiming to advance the Web3 ecosystem in the UAE. Klumi Ventures founder Kristiina Lumeste stated that this partnership will support DWF Labs in contributing to the development of the UAE's Web3 sector. DWF Labs managing partner Andrei Grachev emphasized that the collaboration will drive the UAE's digital transformation, providing necessary resources for new entrants and institutions, and accelerating Web3 adoption in the MENA region.