Galaxy Expands to Abu Dhabi to Strengthen Digital Asset Operations

TLDR

• Galaxy opens a new office in Abu Dhabi under the ADGM registration authority.
• UAE has become a key hub for digital asset companies, including Binance and Bybit.
• Galaxy reported a net income of $505 million in Q3 2025 and strong equity.
• The Middle East’s growing financial sector attracts sophisticated investors.

Galaxy, a leading digital asset management firm, is expanding its global footprint with a new office in Abu Dhabi. By establishing an entity under the Abu Dhabi Global Market (ADGM), Galaxy aims to tap into the rapidly growing Middle Eastern market, capitalizing on the region’s increasing influence in global finance and digital assets. This move follows the company’s strong financial performance, positioning Galaxy to strengthen partnerships and drive new growth in the region.

Galaxy Expands to UAE as Part of Middle East Push

Digital asset management company, Galaxy, has announced plans to establish a new office and subsidiary in Abu Dhabi, marking a strategic move into the rapidly expanding Middle East market. The new entity will be registered under the Abu Dhabi Global Market (ADGM), the region’s international financial center, which has recently gained prominence as a hub for digital asset firms. This decision reflects Galaxy’s efforts to deepen its partnerships and expand its operations in the region.

Mike Novogratz, the founder and CEO of Galaxy, emphasized that the Middle East is becoming a critical player in global finance. “The Middle East is a rapidly growing financial hub that is home to some of the world’s most sophisticated investors and innovators,” said Novogratz. He added that Galaxy’s move to Abu Dhabi aligns with the company’s broader strategy to engage with influential financial markets and enhance its global presence.

Strategic Expansion into the Middle East

Galaxy’s decision to open an office in Abu Dhabi comes at a time when the UAE is increasingly positioning itself as a leader in digital asset regulation and investment. The region’s favorable regulatory environment, especially through entities like ADGM, has attracted a growing number of crypto companies and investors.

Bouchra Darwazah, Galaxy’s managing director, pointed out the strategic importance of the Middle East. “It has become a particularly influential region for our investors, clients, and portfolio companies,” said Darwazah. “We believe this office will help establish new opportunities as a leading global digital assets investment and infrastructure firm.”

The UAE has actively pursued policies that foster innovation in the cryptocurrency space. Several other firms, including major exchanges like Binance and Bybit, have received regulatory approvals from UAE authorities, enabling them to offer their services to the growing local market. These regulatory developments are a significant factor in the increased interest from global companies like Galaxy.

Financial Success and Investment Growth

Galaxy’s expansion into the UAE follows its impressive financial performance in the third quarter of 2025. The company reported a net income of $505 million, with a total equity of $3.2 billion. This strong financial position underscores Galaxy’s growing influence in the digital asset space.

The company’s success also stems from its continued investments in major projects. Since 2018, Galaxy has been an active investor in crypto-related initiatives, including its participation in a $1.65 billion Solana treasury fund alongside Cantor Fitzgerald, Multicoin Capital, and Jump Crypto. Such investments not only support Galaxy’s growth but also strengthen its position in the competitive digital assets market.

UAE’s Growing Role in Global Crypto Regulation

The UAE has increasingly positioned itself as a favorable destination for digital asset companies. Over the past year, multiple crypto exchanges, stablecoin issuers, and blockchain firms have sought regulatory approval in the UAE. The ADGM has played a key role in establishing a clear framework for these firms to operate, which has been crucial in fostering the region’s growth as a financial hub.

For instance, in November 2025, ADGM cleared regulated companies to deploy Ripple’s stablecoin, Ripple USD (RLUSD). This was followed by the recognition of Tether’s USDt as an “accepted fiat-referenced token” and regulatory approval granted to Circle for operating as a financial service provider. These regulatory moves are vital for creating a robust ecosystem where digital assets can thrive.

As the UAE solidifies its position as a key regulatory hub, Galaxy’s expansion in Abu Dhabi is expected to benefit both the company and the region’s growing digital asset market.

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