DWF Labs is already a resident of Dubai’s Dubai Multi Commodities Centre. It wouldn’t be the first crypto firm to have a presence in both emirates, however.
Web3 venture capitalist and crypto market maker DWF Labs is moving its headquarters to Abu Dhabi, United Arab Emirates (UAE), founder and CEO Andrei Grachev announced on X. The purpose of the relocation is to increase real-world assets and other financial services in the Middle East, Grachev said. He provided no other details.
It is unclear how the planned Abu Dhabi headquarters will fit into the current company structure. DWF Labs has offices in Singapore, Dubai and Switzerland that are described on its LinkedIn page as regional headquarters.
Abu Dhabi and Dubai are both members of the United Arab Emirates. UAE member states legislate non-federal issues independently, creating competition between states to host businesses. Grachev said in his X post:
