DWF Labs co-founder announces move to Abu Dhabi

DWF Labs, a crypto venture capital firm, will move its head office to Abu Dhabi as part of efforts to establish a ‘strong presence in the Middle East’, according to its co-founder.

DWF Labs co-founder Andrei Grachev announced via an X post that the crypto venture capital firm will be moving its headquarters from Singapore to Abu Dhabi. The reason for this move is the firm’s desire to expand its operations into the Middle East, especially in the field of finance and real-world assets.

“To establish a strong presence in the Middle East and operate more RWA and financial services there, @DWFLabs is moving its headquarters to Abu Dhabi,” Grachev wrote in his December 2 X post.

Although Grachev did not say when the move would take place or when the headquarters would officially open in Abu Dhabi, he hinted that the company would announce more news before the move day. The upcoming headquarters in Abu Dhabi will be DWF Labs’ second office in the Middle East, as the crypto-focused firm already has an office in Dubai.

To establish a strong presence in the Middle East and operate more RWA and financial services there, @DWFLabs moves its headquarters to Abu Dhabi
More news coming
Stay tuned

— Andrei Grachev (@ag_dwf) December 2, 2024

The United Arab Emirates is hailed by many as a leading crypto hub and a hot spot for capital markets. This year, many crypto firms are expanding their operations to the region, including BlackRock, QCP Capital and more.

Last September, DWF Labs partnered with meme coin launchpad GraFun to increase the liquidity of tokens launched through GraFun operating on the BNB Chain and promote more stable and transparent trading of meme coins.

DWF Labs is also known for forming a strategic partnership with Australian celebrity Iggy Azalea after she launched Solana-based meme coin MOTHER.

DWF Labs was founded in 2022 as a venture capital firm with its main office in Singapore, according to the firm’s profile on PitchBook. However, DWF also has an office in Dubai, as well as operations in Switzerland, the British Virgin Islands, South Korea and Hong Kong. The firm is known for investing mainly in companies operating in the web3 and cryptocurrency sectors.