Dubai Multi Commodities Centre (DMCC) and Switzerland-based CV VC have teamed up to drive web3 ecosystem growth in Dubai and Switzerland.
The signing of the agreement took place during the annual CV Summit 2024, Switzerland’s flagship blockchain and Web3 event, which gathered around thousands of industry leaders and entrepreneurs in Zug, Switzerland.
The collaboration agreement between DMCC Crypto Centre and CV VC, one of the founders of the Swiss Crypto Valley and which operates the international blockchain ecosystem builder CV Labs, marks a key step forward in enhancing ties between the two parties.
Through this move, both sides seek to boost Web3 entrepreneurship between Dubai and Switzerland to create the next vibrant innovation corridor.
DMCC’s and CV VC will scale their ecosystems through mutual and cross-border collaboration. This includes educational initiatives such as workshops and seminars, the exchange of resources and workspaces, and joint events including the Web3 Hub during the World Economic Forum in Davos, Switzerland, in January 2025.
CV VC will also partner in the upcoming DMCC-Bybit Hackathon, highlighting a shared commitment to foster and drive blockchain technology innovation in the region.
Feryal Ahmadi Chief Operating Officer – DMCC
“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 recognize 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.”
Mathias Ruch, Founder and CEO, CV VC, stated that, “This alliance is an opportunity to exchange knowledge and resources, supporting the growth of the blockchain space in both the Middle East and Switzerland.”
“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 and CIO of CV VC.
With over 600 members, the DMCC Crypto Centre serves as a thriving ecosystem for companies that develop Web3 and blockchain technologies and associated value-added services. By offering everything that crypto businesses and entrepreneurs need to set up and scale their operations, the company has established itself as the regional hotbed for crypto and Web3 firms in the region.
CV VC, based in Switzerland, is an early-stage venture capital firm that primarily centers on global start-ups that offer solutions using blockchain technologies. As a founder of the Swiss Crypto Valley, CV VC has the resources and network to identify, incubate and boost the journey of blockchain start-ups.
