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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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What to know:
- 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.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- 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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