Dubai venture incubator Code & State has secured $3 million in financing, led by Warburg Serres and KR1

Dubai-based venture incubator Code & State, focused on stablecoin innovation, announced it has raised $3 million in funding. This round of financing was led by Warburg Serres and KR1, with the funds to be used for incubating projects dedicated to promoting real-world applications of stablecoins.

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