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. 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