On the same day that WadzPay announced that it would no longer be seeking a crypto broker dealer license in Dubai UAE under VARA citing that it is currently reinforcing its focus on providing technology solutions for the payments and remittance sector while remaining committed to the MENA region, W Chain powered by WadzChain Network partnered with Victus Capital (now Victus Global) which has invested $700K as an initial investment into W Chain.

With the backing of Victus Capital, WCO will benefit from a comprehensive support package, including market-making services, access to global trading networks, and key business partnerships.

As per the press release, the partnership is set to significantly enhance the WCO ecosystem’s development and adoption, positioning it for global success in the rapidly evolving blockchain landscape.

Anish Jain, Founder & CEO of W Chain said. “We are excited to partner with Victus Capital to unlock the full potential of WCO. Their strategic guidance and resources will be invaluable as we continue to build a robust and thriving ecosystem.”

Matisse Eykelberg, Co-founder, Victus Capital added, “We believe in the long-term vision of W Chain and the potential of WCO, our investment will support the ecosystem’s growth and position WCO as a leading player in the blockchain space.”