Digital asset management and infrastructure company Galaxy recently announced the establishment of an office and new business department in Abu Dhabi as part of its expansion strategy in the Middle East.
In a statement on Wednesday, Galaxy indicated that it will establish an entity under the Abu Dhabi Global Market (ADGM) registration authority, which is an international financial center. Galaxy founder and CEO Mike Novogratz noted that this move is part of a strategy to expand the company's existing partnerships and business.
Galaxy's Managing Director Bouchra Darwazah stated, "The Middle East is a rapidly growing financial hub with some of the most sophisticated investors and innovators in the world. It has become a particularly influential region for our investors, clients, and portfolio companies, and we believe this office will help create new opportunities, making us a global leader in digital asset investment and infrastructure."
This expansion in the Middle East comes after Galaxy reported a net income of $505 million and equity of $3.2 billion for the third quarter of 2025. Since 2018, the company has been a major player in the cryptocurrency investment space, including its plans to participate in a $1.65 billion Solana (SOL) treasury fund alongside Cantor Fitzgerald, Multicoin Capital, and Jump Crypto.
Over the past year, numerous cryptocurrency companies have received regulatory approval to operate in key Middle Eastern markets, including Dubai and Abu Dhabi, such as exchanges Binance and Bybit.
Some stablecoin issuers have also achieved similar success. In November, ADGM approved regulated companies to deploy Ripple's stablecoin, Ripple USD (RLUSD). This week, the financial center also recognized Tether's USDt as an "accepted fiat currency reference token" and granted regulatory approval to Circle, paving the way for its USDC stablecoin.
Related: Abu Dhabi sovereign fund Mubadala Capital is exploring ways to open private market investment channels through tokenization.
Original article: “Galaxy Expands to the UAE as Part of Middle East Strategy”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
