The digital assets company is one of many to seek regulatory approval from UAE authorities or attempt to expand their services into a region drawing them in.
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Galaxy, the digital asset management and infrastructure company, announced an upcoming office and a new arm in Abu Dhabi as part of its push into the Middle East.
In a Wednesday notice, Galaxy it would establish an entity under the registration authority of the Abu Dhabi Global Market (ADGM), the area’s international financial center. According to Galaxy founder and CEO Mike Novogratz, the move was part of a strategy to expand the company’s existing partnerships and operations.
“The Middle East is a rapidly growing financial hub that is home to some of the world’s most sophisticated investors and innovators,” said Galaxy managing director Bouchra Darwazah. “It has become a particularly influential region for our investors, clients, and portfolio companies, and we believe this office will help establish new opportunities as a leading global digital assets investment and infrastructure firm.”
The Middle East move followed Galaxy of $505 million in the third quarter of 2025, with $3.2 billion in equity. Since 2018, the company has been a major player in staying on top of crypto investments, including its in a $1.65 billion Solana () treasury fund with Cantor Fitzgerald, Multicoin Capital and Jump Crypto.
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Over the past year, numerous crypto companies have to operate in key Middle East markets, including Dubai and Abu Dhabi, such as exchanges Binance and Bybit.
Some stablecoin issuers have had similar success. In November, ADGM to deploy Ripple’s stablecoin, Ripple USD (). This week, the financial center USDt () as an “accepted fiat-referenced token” and to operate as a financial service provider, paving the way for its USDC () stablecoin.
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