Sigma Capital, based in the Middle East, launches a $100 million fund to accelerate Web3 innovation

ChainCatcher news, according to CoinDesk, early-stage venture capital firm Sigma Capital has launched a $100 million fund focused on Web3 startups.

According to an announcement released via email on Tuesday, the Dubai-based company is trying to leverage the United Arab Emirates' (UAE) reputation as a cryptocurrency hub. The fund will focus on decentralized finance (DeFi), tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens.