Seoul, September 26, 2025 — The Korea Web3 Blockchain Association (KWBA) and Dubai-based TheBlock FZCO signed a cooperation agreement on Friday at TokenPost’s Seoul office, linking two fast-growing hubs in the blockchain and digital asset economy.
The statement, signed by Timothy Shin, Executive Director of International Affairs at KWBA, and Danosch Zahedi, Chief Executive Officer of TheBlock, is designed to foster collaboration in blockchain and Web3 innovation. The two organizations said they will launch a joint working group immediately to share research and market reports between Korea and Dubai.
KWBA, registered under Korea’s Ministry of SMEs and Startups, supports blockchain and Web3 startups with infrastructure, growth programs, investment connections and policy consulting. The association positions itself as a bridge for companies seeking to expand into both domestic and global markets.
TheBlock FZCO, headquartered in Dubai’s World Trade Center Free Zone, bills itself as an ecosystem builder at the center of the virtual asset economy. The group focuses on connecting regulators, investors and industry players to accelerate tokenization and expand the role of digital assets in global finance.
“Korea and Dubai are each carving out distinctive roles in Web3, and by combining our strengths we can open new channels for startups and investors alike,” KWBA’s Shin said at the signing. “This partnership is about sharing insights and creating tangible opportunities for growth.”
Zahedi of TheBlock added: “Dubai’s regulatory clarity and Korea’s technological know-how make for a powerful combination. Our mission has always been to connect credible partners across the value chain, and this agreement allows us to put that into practice. The working group will be the first step in producing actionable reports for both jurisdictions.”
Both parties said they will also explore co-hosting events, delegations and workshops to deepen ties between their communities. The agreement is non-binding but underscores growing efforts by blockchain industry groups to build cross-border collaboration at a time of rising institutional and regulatory interest in Web3 technologies.
