Galaxy Digital Expands into Abu Dhabi with New Office Launch

Galaxy Digital has launched an ADGM-registered entity and office in Abu Dhabi to expand its digital assets and infrastructure presence in the Middle East, led by Bouchra Darwazah.

This expansion underscores UAE’s growing role as a financial center, aligning with regional strategies for digital assets and attracting institutional clients in the Middle East.

Galaxy Digital has launched an office in Abu Dhabi under the ADGM framework as part of its Middle East expansion strategy.

This expansion highlights Galaxy Digital’s commitment to broadening its scope in a significant financial hub, focusing on institutional client engagement.

Galaxy Digital Establishes Abu Dhabi Global Market Entity

Galaxy Digital has established an entity registered under the Abu Dhabi Global Market, marking an increase in its global footprint. The office in Abu Dhabi will focus on expanding partnerships and infrastructure across the Middle East.

The new office is managed by Bouchra Darwazah and overseen globally by Mike Novogratz. This move is part of a push for institutional-grade asset management in the region. As Mike Novogratz, Founder & CEO, Galaxy Digital, noted, “As we continue to expand our operations and deepen our partnerships around the world, this milestone paves the way for greater collaboration and innovation in the UAE.”

Targeting Sovereign Funds for Regional Growth

Galaxy Digital’s Abu Dhabi opening aims to attract sovereign funds and banks, leveraging its multi-billion-dollar asset platform. This aligns with UAE’s strategy for enhanced financial innovation.

The office will open regulated access in the cryptocurrency ecosystem, connecting with investors and innovating within the institutional markets.

Regulatory Support Boosts Middle East Interest

Similar setups have been attempted by other firms such as Binance, which used ADGM’s framework for operational expansion. This strategy shows a pattern of global firms seeking regulatory clarity in the region.

Analyses suggest growing interest in the Middle East due to regulatory support, indicating likely success for Galaxy’s regional integration. Past trends show high potential for institutional partnerships.