- SC Ventures to raise $250M for global digital assets fund.
- Middle Eastern investors back SC Ventures’ crypto-focused venture capital.
- Dubai and Saudi regulations fuel Middle East’s crypto growth.
SC Ventures, the venture capital arm of a central global bank, is preparing to raise $250 million for a new fund focused on investing in digital assets within the financial services industry. Investors in the Middle East will also back the fund that will be launched in 2026, which reflects the growing participation of this region in the crypto and blockchain industry. The information was disclosed by Gautam Jain, who is a partner at SC Ventures, at the Money 20/20 event in Saudi Arabia, where he pointed out that the fund had a global investment approach.
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Middle Eastern Backing Signals Growing Interest in Blockchain and Crypto
In addition to the $250 million digital assets fund, SC Ventures is planning another $100 million fund aimed at Africa. However, it remains uncertain whether this African fund will also include digital assets as part of its investment strategy. In addition, the venture capital firm is considering starting its maiden venture debt fund, but the details of that venture are yet to be reviewed.
This action will be in tandem with the increased institutionalization of digital assets, with large international financial institutions such as JPMorgan and Goldman Sachs increasing their crypto services. The best examples of the use of blockchain technology in established financial institutions are JPMorgan and Goldman Sachs, with their Kinexys and tokenized money market fund with BNY Mellon, respectively.
Middle East’s Progressive Regulations Boost Blockchain Investment
The involvement of Middle Eastern investors in SC Ventures’ new fund is particularly notable, as the region increasingly emerges as a crypto and blockchain hub. The UAE and Saudi Arabia have also established progressive regulatory frameworks, including the Virtual Assets Regulatory Authority in Dubai and the sandbox in Saudi Arabia, which promote innovation in the blockchain and cryptocurrency sector. Such laws are making the Middle East a main participant in the international market of digital assets.
In SC Ventures’ upcoming steps with these new funds, it will be interesting to observe how the financial sector incorporates blockchain and crypto technologies further in its work. The future of digital assets in world finance is bright with rising institutional support and dynamic regulations.
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