Saudi Government Commits $50m to Deeptech Venture Studio

Hashgraph Association Partners with Saudi Ministry of Investment to Launch DeepTech Venture Studio in Riyadh

The Hashgraph Association (THA) has announced a groundbreaking partnership with the Ministry of Investment of Saudi Arabia (MISA) to establish a “DeepTech Venture Studio” in Riyadh. This collaboration aims to foster innovation, business growth, and cross-industry collaboration within the Hedera ecosystem. THA has committed $50 million to the venture, and together with MISA, they intend to secure co-investors to raise the Studio’s budget to an impressive $250 million over five years.