UAE - Mubasher: The Dubai Multi Commodities Centre (DMCC) has launched the DMCC Crypto Centre, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors.

The DMCC Crypto Centre will be a hub where crypto and blockchain technologies will be developed and applied by being home to companies developing blockchain-enabled trading platforms and firms offering, issuing, listing, and trading crypto assets, according to a press release on Monday.

The centre will also include a crypto advisory practice led by CV Labs, the entity behind the Switzerland government-backed Crypto Valley.

To support startups, the DMCC Crypto Centre will provide co-working spaces to crypto entrepreneurs and SMEs and a number of incubator and accelerator programmes.

The Executive Chairman and CEO of DMCC, Ahmed bin Sulayem, said: "With initiatives such as the Dubai Blockchain Strategy, Dubai’s government is leading the adoption and application of blockchain technologies, creating a business-friendly environment for crypto firms and cementing the emirate’s reputation as a global technology leader."

Meanwhile, the Founder of CV Labs & CV VC, Ralf Glabischnig, commented: "We will offer a variety of services including incubation and investment opportunities for early-stage startups, innovation services for corporate clients, educational events for Blockchain and entrepreneurship as well as advisory services to assist Crypto/DLT startups establish themselves in the UAE and grow within our strong ecosystem."