Galaxy Digital Expands Reach in Middle East with Abu Dhabi Office

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TLDRGalaxy Digital has launched a new office in Abu Dhabi as part of its Middle East expansion strategy.The new office is located in the Abu Dhabi Global Market (ADGM), focusing on fintech and digital assets.Galaxy reported strong Q3 2025 results, including a net income of $505 million and $3.2 billion in equity.UAE’s regulatory environment continues to attract top global crypto players like Binance, Tether, and Circle.Galaxy aims to strengthen partnerships and operations in regions with high institutional demand, especially the Middle East.Galaxy Digital has launched a new office in Abu Dhabi, marking its expansion in the Middle East. The company’s move reflects its strategy to increase its presence in the rapidly growing digital asset market. Abu Dhabi, recognized as one of the world’s leading hubs for digital finance, is now home to Galaxy’s new entity.Galaxy’s Middle East Expansion StrategyThe new office is located in the Abu Dhabi Global Market (ADGM), a financial center known for its focus on fintech and digital assets. Mike Novogratz, Galaxy’s CEO, emphasized the importance of this move. “The expansion reflects our goal to strengthen partnerships and operations in regions with high institutional demand,” he stated.The UAE continues to attract top global players in the digital asset space. Both Abu Dhabi and Dubai have approved registrations for major exchanges like Binance and Bybit. As these cities develop as crypto hubs, Galaxy joins a growing list of companies expanding into the region.Strong Q3 Results and Strategic PartnershipsGalaxy’s expansion follows strong financial performance in Q3 2025, with a net income of $505 million. The firm also reported $3.2 billion in equity, further highlighting its financial strength. Alongside this, Galaxy participated in a $1.65 billion Solana treasury fund with key players like Cantor Fitzgerald and Jump Crypto.Bouchra Darwazah, Galaxy’s Managing Director, highlighted the strategic importance of the Middle East. She described the region as a center of capital and innovation, with a sophisticated investor base. “Our new office is essential to positioning Galaxy as a global leader in digital assets and infrastructure,” Darwazah added.UAE Strengthens its Position as a Crypto HubThe UAE has become a key destination for digital asset firms, thanks to its progressive regulatory environment. In recent months, several crypto companies have secured approvals to operate within the UAE. Tether, for example, has gained regulatory recognition for its USDT stablecoin across multiple blockchains.Binance also received full authorization to operate under ADGM oversight. The exchange will work through three separate entities: an exchange, a clearing house, and a broker-dealer. This approval reflects ADGM’s commitment to providing a regulated environment for crypto activities. In addition, Circle, the issuer of USDC, has received approval to operate as a financial service provider in the UAE. This paves the way for broader use of the stablecoin across the region.The post Galaxy Digital Expands Reach in Middle East with Abu Dhabi Office appeared first on Blockonomi.