The financial giant, Galaxy Digital, has made a significant move by launching a new office in Abu Dhabi. This step is part of its broader strategy to strengthen its foothold in the Middle East, a region that is rapidly becoming a global crypto and fintech hub.
Why Abu Dhabi? The New Center for Digital Assets
Located in the prestigious Abu Dhabi Global Market (ADGM), the new office will focus on advancements in fintech and digital assets. Known for its progressive regulatory environment, ADGM is a haven for innovators in the financial sector. This move reflects Galaxy Digital’s desire to tap into the Middle East’s burgeoning institutional demand for cryptocurrency and blockchain services.
CEO Mike Novogratz commented on the expansion: “Our goal is to strengthen partnerships and expand operations in regions with high institutional demand. The Middle East offers unparalleled opportunities in digital finance.”
UAE: The Global Crypto Hub
The United Arab Emirates (UAE) has become a magnet for top global players in the digital asset space. With cities like Abu Dhabi and Dubai leading the charge, major exchanges such as Binance, Tether, and Bybit have already secured operational registrations. Galaxy Digital’s new presence signals an increased focus on the region as it develops into a leading crypto ecosystem.
For example, Circle—issuer of the USDC stablecoin—recently received approval to operate in the UAE. Similarly, Binance has bolstered its presence by gaining full authorization under ADGM oversight, offering exchange, clearing house, and broker-dealer services.
Financial Performance Fuels Expansion
Galaxy Digital’s strong financial results for Q3 2025 reinforce the wisdom of its strategic expansions. Reporting a net income of $505 million and $3.2 billion in equity, the company demonstrates robust growth and resilience in the market. As part of its ventures, Galaxy also contributed to a $1.65 billion Solana Treasury Fund alongside Cantor Fitzgerald and Jump Crypto.
Managing Director Bouchra Darwazah emphasized: “Our new Abu Dhabi office is pivotal for building Galaxy into a global leader in digital infrastructure. This region is a nexus of capital, innovation, and sophisticated investors.”
A Step Towards the Future
Galaxy Digital’s entry into Abu Dhabi further enhances the UAE’s reputation as a progressive destination for crypto firms. With a well-regulated environment, companies like Tether and Circle continue to thrive, paving the way for broader adoption of blockchain technology in the Middle Eastern market.
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Stay tuned for more insights into how trailblazing companies like Galaxy Digital are shaping the future of finance globally.
