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- Galaxy opens a new office in Abu Dhabi’s ADGM to expand its digital asset operations.
- The move aims to strengthen Galaxy’s presence in the Middle East’s growing digital asset market.
- UAE’s ADGM accelerates digital asset growth, approving Ripple, Tether, and other major players.
Galaxy, a prominent digital asset firm, is expanding its global presence with a new office in Abu Dhabi. The company confirmed the move on Wednesday, stating that it will establish operations under the Abu Dhabi Global Market (ADGM). This is a significant step for Galaxy as it taps into one of the fastest-growing hubs for digital assets, including crypto and fintech.
The founder and CEO of Galaxy, Mike Novogratz, pointed out that the expansion is congruent with the company in terms of developing stronger partnerships across the region. He cited the emerging institutional necessity in the Middle East as the reason behind this decision. Galaxy also seeks to expand its efforts in the markets where there is an increasing demand for digital asset services.
Galaxy’s Strong Q3 Performance Fuels Middle East Expansion
The growth follows the financial performance of Galaxy in Q3 2025, which reported a net income of $505 million and 3.2 billion in equity. Galaxy still operates within the digital asset category, recently entering into a $1.65 billion Solana treasury fund with Cantor Fitzgerald, Multicoin Capital, and Jump Crypto.
Bouchra Darwazah, the Managing Director at Galaxy, emphasized the significance of the Middle East in the development of the firm. She characterized the region as a capital, innovation, and advanced investor hub.
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She further added that the new office will assist the Galaxy in its mission of being a market leader in the field of digital asset investment and infrastructure across the globe.
ADGM Strengthens UAE’s Role as a Digital Asset Regulatory Leader
However, the decision by Galaxy to relocate to Abu Dhabi is in line with an increasing trend of digital asset companies locating in the UAE as a hub to expand operations in the region. In the last year, the world’s biggest exchanges, such as Binance and Bybit, were officially permitted to operate in Dubai and Abu Dhabi. This tendency indicates the increasing importance of the UAE in the international world of digital assets.
The Abu Dhabi Global Market (ADGM) has played a central role in the development of digital assets in the region. Recently, ADGM issued a regulatory nod to the RLUSD stablecoin of Ripple, accepting USDT of Tether as a fiat-referenced token. Circle was also licensed to become a financial service provider, and this allowed the USDC to be used more extensively in the region.
However, the entry of Galaxy into Abu Dhabi highlights the UAE’s desire to establish itself as a global leader in digital asset regulation and infrastructure. The country has developed an appealing ecosystem for digital finance firms, making it one of the major stakeholders in the worldwide digital asset ecosystem.
Also Read: Abu Dhabi’s Mubadala Capital Partners with Kaio to Tokenized Private Market Access
