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Middle East-Based Sigma Capital Unveils $100M Fund to Accelerate Web3 Innovations
The fund will focus on DeFi, tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens
Jan 14, 2025, 10:00 a.m.
What to know:
- Sigma Capital, an early-stage venture firm, has unveiled a $100 million fund which will be focused on Web3 startups.
- The Dubai-based company is attempting to capitalize on the United Arab Emirates' reputation as a crypto hub.
Sigma Capital, an early-stage venture firm, has unveiled a $100 million fund focused on Web3 startups.
The Dubai-based company is attempting to capitalize on the United Arab Emirates' (UAE) reputation as a crypto hub, according to an emailed announcement on Tuesday.
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The fund will focus on decentralized finance (DeFi), tokenization and blockchain infrastructure by managing a portfolio of liquid tokens.
Dubai has been jostling for the position of being a global crypto hub along with the likes of Singapore and Hong Kong, which it has strived to achieve through offering reasonably clear regulations. This has seen major crypto exchanges such as Binance, Crypto.com and OKX win approvals there in the last year.
Read More: MANTRA Blockchain to Tokenize $1B of Real-World Assets for UAE-Based Property Firm DAMAC
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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