Dubai venture capital incubator Code & State secures $3 million in funding, led by Warburg Serres and KR1

ChainCatcher news, focusing on stablecoin innovation, Dubai-based venture capital incubator Code & State announced it has secured $3 million in funding. This round was led by Warburg Serres and KR1, and the funds will be used to incubate projects aimed at promoting the real-world applications of stablecoins.

It is reported that Code & State is a venture capital studio dedicated to building and scaling stablecoin enterprises, founded by Cédric Waldburger and Artia Moghbel. Code & State provides startups with funding, mentorship, and infrastructure support to help address key challenges in the stablecoin ecosystem, such as payment systems, cross-border remittances, compliance, and security.