Republic Crypto, a blockchain company that offers end-to-end white glove advisory services, has expanded its operations to the UAE, where it plans to increase its footprint and extend its services throughout the MENA region. The company provides a set of services to accelerate crypto firms from seed to liquidity. So, the move to the UAE opens a new chapter for its community.
Republic Crypto received a license from the DIFC (Dubai) in 2022. Now, the company is focused on expanding its tech advisory services to the UAE market. Crypto activities have witnessed a massive spike in the UAE in recent months. So, the presence of Republic Crypto will help existing projects on a regional scale.
Republic Crypto also plans to collaborate with the relevant regulatory bodies in the MENA region, beginning with the UAE. It will develop the necessary framework needed to assist UAE-based startups to leverage blockchain technology.
It will also provide advisory services to crypto companies in the region on marketing, tokenization, smart contract development, and fundraising. The company’s core mission is to provide both education and support for Web3 to thrive in the UAE.
Republic Crypto to Help UAE-Based Startups
Republic Crypto has enjoyed remarkable success working with several crypto firms, notably Avalanche, Dappradar, and Zed. It will provide its wealth of experience via a partnership with Ghaf Labs, a UAE-based incubator offering blockchain consultancy services.
Ghaf Labs will assist Republic Crypto in finding and supporting new initiatives as well as establishing a powerful presence in the UAE. Both platforms will collaborate to meet the demands of the growing UAE Web3 space.
Ghaf Labs, an affiliated company of Ghaf Capital Partners, will also play a significant role in developing Web3 in the UAE. Ghaf Labs is a well-known Web3 private investment company that supports the growth and success of progressive blockchain-based firms with its wide-ranging services. Furthermore, Ghaf Labs will help local startups access opportunities and provide relevant support.
Multiple Partnerships to Help Web3 Projects in the UAE
To kick off the partnership with Ghaf Labs, Republic Crypto is partnering with MyCo (formerly MContent), a web3 streaming platform based in Dubai, to assist in developing its web3 strategy. This makes MyCo the first advisory project from the UAE.
MyCo provides users and artists with a wide range of content, including movies, TV shows, influencer material, live sports, etc.
Reacting to the partnership, Anwaar AlMahmeed, Managing Director of Republic in MENA, said in a statement, “At Republic, we have been evaluating the MENA landscape, building our network, and having consistent conversations with investors, startups, and regulators for our various lines of business.”
AlMahmeed remarked that the Republic sees the UAE as “a regional leader in the Web 3 space.” He expressed confidence that the partnership with Ghaf Labs “will help build our vision for this market according to our shared values and dreams.”
“I am confident that this partnership will be able to foster a robust ecosystem of quality and innovation and help shape the future of the industry in the region,” he concluded.
Ghaf Labs also expressed excitement at the partnership. The company’s CEO and founder, Feras Al Sadek, remarked that “the expansion of Republic Crypto into the UAE market and its partnership with Ghaf Labs is a significant step forward for the local blockchain industry.”
He explained that both platforms will leverage their networks to “create a very precise strategy based on growth, acceleration, advisory, and consultancy services.” Sadek noted that this approach “will allow us to provide cutting-edge solutions to our clients and further enrich the blockchain ecosystem around us.”
Big News: 🇦🇪UAE announces creation of freezone for digital and virtual asset companies.
The new move will open several new opportunities for companies and job seekers in the #crypto industry.— CryptoJobs.com (@CryptoJobs) March 1, 2023
Web3 to Thrive in the UAE
The UAE remains one of the world’s most crypto-friendly zones. It recently announced that it will launch the world’s first free zone dedicated to digital and virtual asset companies. This move will see more crypto companies troop into the UAE to leverage its warm policies as things get harsher in the US and Europe.
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