Hashed Gains ADGM License to Expand Into Middle East Markets

This expansion represents a diversification of Hashed's operational footprint away from its primary base in South Korea. The Middle East has become a focal point for firms looking to tap into regional liquidity and institutional interest in blockchain technology. For Hashed, the move provides a regulated base to engage with local partners and investors who require the legal certainty provided by the ADGM framework. This shift follows broader trends where firms are seeking jurisdictions that offer clear rules for digital asset custody and venture deployment.

AlphaScala maintains coverage on various digital asset participants, including those navigating the intersection of traditional finance and blockchain protocols. For broader context on how firms are managing infrastructure transitions, see our recent analysis on Bithumb Initiates Post-Quantum Security Infrastructure Upgrade. While Hashed operates primarily in the venture space, its entry into the ADGM mirrors the strategic moves of other major players, such as the recent infrastructure shifts seen in MoonPay Shifts Strategy with $100M Sodot Acquisition.

Operational Milestones and Future Deployment

With the license secured, the next phase for Hashed involves the deployment of capital and the establishment of local investment teams. The firm will need to demonstrate ongoing compliance with the ADGM's specific reporting requirements for venture firms. The concrete marker for this expansion will be the announcement of the firm's first regional investment vehicle or the formal opening of its Abu Dhabi office. These steps will confirm the scale of the firm's commitment to the region and its ability to integrate its existing investment thesis into the Middle Eastern market. Market participants will look for updates regarding the specific asset classes and blockchain sectors the firm intends to prioritize within this new regulatory perimeter.