DMCC and CV VC Unite to Propel Web3 Innovation Between Dubai and Switzerland

The Dubai Multi Commodities Centre (DMCC) has announced a strategic collaboration with CV VC, a leading Swiss venture capital firm specializing in blockchain.

The partnership aims to connect and support the burgeoning Web3 ecosystems in both regions, marking a significant step towards enhancing international collaboration in blockchain technology.

The agreement was formalized during the annual CV Summit 2024 in Zug, Switzerland, which attracted thousands of industry leaders and entrepreneurs. This alliance brings together DMCC’s Crypto Centre and CV VC, a founder of Switzerland’s Crypto Valley, to accelerate Web3 entrepreneurship and create a vibrant innovation corridor between Dubai and Switzerland.

Key initiatives of the collaboration include educational workshops, resource exchange, and joint events such as the Web3 Hub at the World Economic Forum in Davos in January 2025. Notably, CV VC will also participate in the upcoming DMCC-Bybit Hackathon, reflecting their mutual commitment to fostering blockchain innovation.

Feryal Ahmadi, COO of DMCC, expressed enthusiasm about the partnership, stating,

"This strategic alliance will not only provide our members with unique benefits but also scale up Web3 innovation between Dubai and Switzerland. Greater collaboration can unlock the potential of Web3, driving global adoption and paving the way for a more interconnected future."

Mathias Ruch, Founder & CEO of CV VC, emphasized the opportunity for knowledge exchange and resource sharing to support blockchain growth in both regions.

Olaf Hannemann, Co-Founder & CIO of CV VC, noted the maturation of the Middle Eastern ecosystem, highlighting its investment potential in future technologies.

With over 600 members, DMCC's Crypto Centre has become the largest hub for crypto and Web3 firms in the region, while CV VC remains committed to identifying and accelerating blockchain start-ups globally.

News Source: Dubai Media Office