Galaxy Digital opens an Abu Dhabi office under ADGM, deepening its Middle East footprint as UAE regulators fast-track major exchanges and stablecoin issuers. Digital asset firm Galaxy Digital has established a new entity in Abu Dhabi as part of its…Galaxy Digital opens an Abu Dhabi office under ADGM, deepening its Middle East footprint as UAE regulators fast-track major exchanges and stablecoin issuers. Digital asset firm Galaxy Digital has established a new entity in Abu Dhabi as part of its…

Galaxy Digital opens Abu Dhabi office as Middle East push accelerates

2025/12/11 17:10

Galaxy Digital opens an Abu Dhabi office under ADGM, deepening its Middle East footprint as UAE regulators fast-track major exchanges and stablecoin issuers.

Summary
  • Galaxy Digital has set up a new Abu Dhabi entity under ADGM as part of its strategy to scale digital asset investment and infrastructure in high-demand institutional markets.​
  • UAE regulators in Abu Dhabi and Dubai have recently greenlit major exchanges like Binance and Bybit, alongside new stablecoin approvals including Ripple-, Circle- and Tether-linked products.​
  • ADGM now recognizes Tether’s fiat-referenced token across multiple blockchains, enabling licensed firms to conduct regulated activities with USDT in a growing regional crypto hub.

Digital asset firm Galaxy Digital has established a new entity in Abu Dhabi as part of its expansion strategy in the Middle East, the company announced.

Galaxy Digital pivots towards Abu Dhabi

The firm will operate under the Abu Dhabi Global Market (ADGM), the emirate’s international financial center that has emerged as a hub for cryptocurrency and financial technology companies.

Mike Novogratz, founder and chief executive officer of Galaxy, stated the expansion reflects the company’s strategy to deepen partnerships and broaden operations across regions demonstrating strong institutional demand.

The announcement follows Galaxy’s reported strong financial performance for the third quarter of 2025. The firm recently participated in a planned Solana treasury fund alongside Cantor Fitzgerald, Multicoin Capital and Jump Crypto, according to the company.

Bouchra Darwazah, managing director at Galaxy, described the Middle East as a center of capital, innovation and investor sophistication. The new office will support Galaxy’s objective to position itself as a leading global digital asset investment and infrastructure firm, Darwazah stated.

The United Arab Emirates has attracted numerous major cryptocurrency firms in recent months as regulators in Abu Dhabi and Dubai have approved additional exchanges and stablecoin issuers.

Both Dubai and Abu Dhabi have approved registrations for major global exchanges over the past year, including Binance and Bybit, according to regulatory announcements.

Stablecoin issuers have also secured regulatory approvals in the region. ADGM recently allowed regulated companies to issue a Ripple stablecoin, while the financial center recognized a Tether fiat-referenced token. Circle received authorization to operate as a financial service provider in the jurisdiction.

Tether’s stablecoin has secured regulatory recognition as an approved fiat-referenced token across multiple blockchains within ADGM. The financial center now permits licensed institutions to conduct regulated activities involving the token across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON. These approvals expand on earlier recognition for the token on Ethereum, Solana and Avalanche.

Binance disclosed it has secured full authorization to operate its flagship platform under ADGM oversight. The exchange will operate through three distinct legal entities in the zone — an exchange, a clearing house and a broker-dealer — designed to enable regulated trading, custody, settlement and off-exchange services, according to the company.

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