$1 Billion Venom Ventures Fund Launched to Accelerate Blockchain Adoption

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• Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
• The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.
• The fund’s leadership team consists of experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional.

The Venom Foundation and Iceberg Capital have recently announced a major partnership to launch the Venom Ventures Fund (VVF), a $1 billion venture fund. VVF is a blockchain-agnostic fund that will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.

The fund is licensed and regulated by the Abu Dhabi Global Market (ADGM) and is operated by Iceberg Capital. It will offer incubation programs and access to an extensive industry network, as well as providing marketing, exchange listing, technical, legal, and regulatory support. It aims to accelerate the adoption of blockchain, DeFi, and Web3 while generating long-term value for investors.

The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region. Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe.

The Venom Ventures Fund (VVF) will invest in projects and teams from pre-seed to Series A rounds. It will support the growth of the blockchain industry and its entrepreneurs, as well as provide investors with a long-term value. The fund will invest in protocols and dApps that show potential for scalability, security, and user experience.

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to launch the Venom Ventures Fund, which is a testament to the trust and confidence that Abu Dhabi has placed in our team. We are proud to be part of the global effort to drive the adoption of blockchain technology and to create a better future for all.”

The Venom Ventures Fund is the first of its kind in the Middle East and will be a major force in the growth and development of blockchain technology. It is a testament to the commitment of Abu Dhabi to become a leader in the blockchain industry and to foster a global community of innovators.