Dubai free zone to set up world’s largest crypto ecosystem

The Dubai Multi Commodities Centre (DMCC) has announced a partnership with CV VC and CV Labs to launch Crypto Valley, the world’s largest ecosystem for cryptographic, blockchain, and distributed ledger technologies.

The agreement was signed on the margins of the World Economic Forum in Davos, and the two entities plan to develop the crypto ecosystem in the Jumeirah Lakes Towers, where over 17 000 companies are currently registered.

Designed to foster growth, collaboration, and integrity across the global blockchain economy, the DMCC Crypto Valley will offer a variety of services including incubation for early-stage start-ups, co-working facilities, innovation services for corporate clients, blockchain and entrepreneurship training, education, events, mentoring, and funding.