Galaxy Digital, a leading firm in asset management, digital asset infrastructure, and artificial intelligence (AI), has announced its strategic expansion in the Middle East by opening a new office and creating a registered entity in the Abu Dhabi Global Market (ADGM), the leading international financial center in the emirate.
🎯 Main Goals and Strategy
This expansion aims to capitalize on the accelerating growth in the Middle East to become a global hub for digital assets, institutional finance, and advanced technology.
* Regional Hub: Galaxy sees the Middle East as a growing and rapidly evolving financial center, enhancing its ability to work with partners, investors, and institutions across the region.
* Gateway for Collaboration: Mike Novogratz, the founder and CEO of Galaxy, described this expansion as a "gateway" for long-term collaboration with policymakers and regional institutions.
* Leveraging the Infrastructure: The company aims to leverage Abu Dhabi's environment, which combines regulatory clarity, strong investment in technology, and state-level economic strategies, providing ideal conditions for its growth in digital assets, high-performance computing (HPC), and artificial intelligence.
🏛️ Location and Leadership
* Location: The new office and registered entity is located within the Abu Dhabi Global Market (ADGM). Choosing ADGM is a testament to the confidence in the clear and advanced regulatory framework of the emirate for digital assets.
* Leadership: The new office will be led by Bushra Drouza, Managing Director at Galaxy, who will focus on transforming regional interest into tangible partnerships, investments, and technology deployment.
📈 Areas of Focus
Galaxy Digital has a broad platform that includes:
* Asset Management: Diverse digital asset management services.
* Investment Banking: Advisory in mergers and acquisitions and strategic financing.
* Trading: Seamless and reliable trading services across multiple exchanges.
* Digital Infrastructure: The company is strategically expanding into artificial intelligence, high-performance computing (HPC), and data center infrastructure to meet growing demand.
* Tokenization: Institutional-quality structured and financial distribution solutions on-chain.
🌐 Broader Context
The launch of Galaxy's arm in Abu Dhabi reflects a broader trend where global digital asset companies are gravitating towards jurisdictions like Abu Dhabi that provide a stimulating and open regulatory environment for technology, supporting its strategy for the next phase of growth.
