QCP and Further Ventures have announced a collaboration aimed at creating new financial products for trading and safekeeping of crypto assets. The partnership seeks to expand QCP’s trading services in the Asian market, while Further Ventures aims to deepen its market presence with licensed broker-dealer and custodial platforms.
The CEO of QCP Capital, Melvin Deng, anticipates that the collaboration will facilitate the growth of both companies in Abu Dhabi, leveraging the increased institutional adoption of digital assets and the exponential growth of traditional assets under management in the region. Abu Dhabi has been a target for crypto firms, and the announcement of the partnership between QCP and Further Ventures aligns with this trend.
Other companies are also exploring opportunities in the region, but there have been no recent updates regarding the progress of these discussions.