Galaxy Launches Abu Dhabi Arm to Grow Middle East Presence
Galaxy is increasing its international footprint with a brand new workplace and entity in Abu Dhabi, shifting into one of many world’s fastest-growing digital asset hubs.
Key Takeaways:
- Galaxy is launching a brand new Abu Dhabi entity as a part of its broader Middle East growth technique.
- The transfer follows a robust Q3, with $505 million in internet earnings and participation in a $1.65B Solana treasury fund.
- The UAE continues to appeal to main crypto companies as Abu Dhabi and Dubai approve extra exchanges and stablecoin issuers.
The firm confirmed Wednesday that it will establish an operation beneath the Abu Dhabi Global Market (ADGM), the emirate’s worldwide monetary heart and a rising vacation spot for crypto and fintech companies.
Founder and CEO Mike Novogratz stated the growth displays Galaxy’s technique to deepen its partnerships and broaden its operations throughout areas displaying robust institutional demand.
Galaxy Posts Strong Q3 as It Joins $1.65B Solana Fund
The transfer comes as Galaxy studies robust monetary efficiency, together with $505 million in internet earnings for Q3 2025 and $3.2 billion in fairness.
The agency has remained energetic throughout the crypto panorama, with latest involvement in a deliberate $1.65 billion Solana treasury fund alongside Cantor Fitzgerald, Multicoin Capital and Jump Crypto.
Managing director Bouchra Darwazah highlighted the significance of the Middle East, describing it as a middle of capital, innovation and investor sophistication.
She added that the brand new workplace will help Galaxy’s ambition to place itself as a number one international digital asset funding and infrastructure agency.
Galaxy joins a rising record of digital asset firms turning to the UAE as a base for Middle East growth.
Both Dubai and Abu Dhabi have accepted registrations for main international exchanges over the previous yr, together with Binance and Bybit.
Stablecoin companies have additionally secured key approvals. In November, ADGM allowed regulated firms to issue Ripple’s RLUSD stablecoin, whereas this week the monetary heart acknowledged Tether’s USDt as an accepted fiat-referenced token.
Circle additionally received authorization to operate as a monetary service supplier, paving the way in which for wider use of USDC within the area.
Tether, Binance Secure Regulatory Approval in ADGM
Galaxy’s arrival underscores the UAE’s drive to appeal to main gamers because it positions itself as a world chief in digital asset regulation and infrastructure.
As reported, Tether’s USDT stablecoin has also secured regulatory recognition as an accepted fiat-referenced token throughout a variety of blockchains contained in the ADGM.
Tether stated ADGM now permits licensed establishments within the monetary free zone to conduct regulated actions involving USDT throughout Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON.
These approvals increase on earlier recognition for USDT on Ethereum, Solana and Avalanche.
On Monday, Binance disclosed that it has additionally secured full authorization to function its flagship Binance.com platform beneath ADGM oversight, a milestone that comes after years of regulatory scrutiny.
Binance will function by way of three distinct authorized entities within the zone, an alternate, a clearing home and a broker-dealer, reflecting a standard financial-market construction designed to allow regulated buying and selling, custody, settlement and off-exchange companies.
The put up Galaxy Launches Abu Dhabi Arm to Grow Middle East Presence appeared first on Cryptonews.
