The VC firm expands to the UAE, unveiling a new blockchain hub to support Web3 innovation
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RockawayX, a Prague-based global venture capital firm supporting Web3 founders, has announced the launch of its UAE headquarters.
The firm also introduced Solana City, a collaborative workspace and ecosystem aimed at positioning Dubai as a centre for blockchain innovation.
RockawayX said the decision to move its headquarters to the UAE was strategic, citing the country’s high rate of cryptocurrency adoption.
Around three million people, or 30 per cent of the population, are crypto owners.
Viktor Fischer, CEO of RockawayX, said Dubai is on course to surpass Europe and rival the US as a major blockchain hub.
Viktor Fischer
“With forward-thinking regulation, infrastructure designed for speed and scale, and crypto adoption rates surpassing 30 per cent, the highest in the world, it offers exactly what the next decade of Web3 innovation needs,”
said Fischer, a former McKinsey associate partner and graduate of HEC Paris and INSEAD.
Solana City will be located in Q East, a new technology-focused development in Dubai, and will feature state-of-the-art facilities.
Alex Scott
“Dubai has become a global hub for blockchain innovation. I’m excited to support RockawayX on Solana City, a bold initiative giving our ecosystem in the UAE the infrastructure it needs to scale, benefiting both Solana and the local economy,”
said Alex Scott of Superteam Middle East.
The announcements follow a year of groundwork in the region, during which RockawayX relocated senior leadership and engineering teams from Europe, hired regional professionals, and invested over US$3 million locally.
The Dubai office now hosts a permanent team of ten staff, positioning RockawayX within one of the fastest-growing cryptocurrency economies. The firm currently manages assets worth over $2 billion.
Under Fischer’s leadership, RockawayX is developing into a regional counterpart to firms such as Galaxy Digital, combining venture capital, infrastructure, and technical expertise.
A key element of the firm’s UAE strategy is Solana City, intended as a hub for blockchain builders, investors, and entrepreneurs.
It will initially offer 48 units, with plans to expand significantly.
The project mirrors Dubai’s existing sector-specific clusters in media, healthcare, and financial technology, and is expected to foster new cross-sector collaborations.
RockawayX’s regional investments include Squads, a multi-signature wallet infrastructure platform built on Solana, and Exponent, a growing decentralised finance protocol.
Internationally, the firm operates dedicated servers supporting 54 Proof-of-Stake blockchains and ranks as the top Ethereum validator on rated networks.
It also runs specialised GPU servers for zero-knowledge proof generation and maintains infrastructure to enable rapid validator rejoining during network congestion.
The firm has built alliances with major industry players such as Binance, Bybit, A16z Crypto, Solana, and the Wormhole protocol, where it is one of 19 global guardians.
These partnerships support the firm’s activities across liquidity provision, infrastructure, and distribution.
