Galaxy announces the establishment of an office in Abu Dhabi

On December 11, digital asset management and infrastructure company Galaxy announced that it will establish an office and a new business unit in Abu Dhabi as part of its expansion strategy in the Middle East market.

Galaxy stated that it will set up an entity under the Abu Dhabi Global Market (ADGM) regulatory authority. The company's founder and CEO Mike Novogratz said that this move aims to expand existing partnerships and business operations. Galaxy's Managing Director Bouchra Darwazah stated that the Middle East is a rapidly growing financial hub, gathering some of the world's most sophisticated investors and innovators.