‘Three Arrows Capital’, a crypto trading firm to move its headquarters to Dubai

'Three Arrows Capital', a crypto trading and venture capital company, is shifting its headquarters from Singapore to Dubai, United Arab Emirates (UAE).

‘Three Arrows Capital’, a crypto trading and venture capital company, is shifting its headquarters from Singapore to Dubai, United Arab Emirates (UAE).

The move comes as Three Arrows Capital planned to organize its first-ever fund that will be taking capital from external investors, as per the sources aware of the matter.


The firm is the latest crypto giant to eye in the Middle East because of the regulatory climate that is continuously coming down in Singapore.

Three Arrows Capital Ltd. is a hedge fund founded in 2012 by Kyle Davies and Su Zhu and concentrated on providing exceptional risk-adjusted returns.

The Capital firm declined to give any comments regarding the fundraising plans, but Co-founder Su Zhu confirmed their move toward Dubai.

Zhu said, “The energy in Dubai’s digital asset industry is electric right now. We have decided to move our headquarters of Three Arrows to Dubai, and I am looking forward to meeting more technology startups.”

The country’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), has started cracking down on crypto activity, adding many crypto companies to its Investor Alert List (IAL).

The MAS defines the list as “unregulated individuals who may have been wrongly perceived as being licensed or regulated by MAS based on information received by MAS.”


During last fall, the crypto exchange Binance, which has its operations in Singapore, was added to the IAL. Binance has also stepped forward and showed its presence in Dubai, as it recently obtained a license to function in Dubai as a virtual asset service provider.

Founder of the crypto venture capital firm Multicoin Capital, Kyle Samani, said about the trend toward Dubai, “For a while, Singapore was making pro-crypto decisions, but now something has changed course.”

“I’m very impressed with the idea of Dubai Virtual Assets Regulatory Authority,” further added Kyle Davis, also a co-founder of Three Arrows Capital. “I expect many leading firms to continue to shift to Dubai and contribute to the growing digital asset ecosystem.”


Please enter your comment!
Please enter your name here

Read More

Egypt to witness launch of its first-ever electric car by next month

Cairo, Egypt: The middle east country will witness the launch of its first-ever electric car in the month of March 2022. The information was...

Indian High School launches new building with 44 new classrooms and many amenities

The Indian High School (IHS), located on oud Mehta Road, Dubai, has launched a new building on Thursday, 26 May, to meet the demand for more seats.

Holi lengthy weekend ahoy! Select from these fast getaways to rejoice the pageant of colors safely

In case you are home-bound in the course of the lengthy weekend, spend a while making Holi delicacies.


Bahrain: Supreme Council of Health organizes World Diabetes Day at Delmonia Complex

Under the patronage of His Excellency the Chairman of the Supreme Council of Health and in the presence of His Excellency Minister of Health, the opening of the event of World Diabetes Day was organized at the Delmonia Complex.

Israel opens travel for unvaccinated and vaccinated UAE visitors

Travellers of the United Arab Emirates can now plan their trip to Israel.

New Study Unveils How Human Brain Evolution Took Place!!

According to a study, Modern human brain compositions developed 1.5 - 1.7 million years ago in the African Homo communities. They had started walking...