Galaxy expands to UAE as part of Middle East push

Galaxy, the integer plus absorption and infrastructure company, announced an upcoming bureau and a caller limb successful Abu Dhabi arsenic portion of its propulsion into the Middle East.

In a Wednesday notice, Galaxy said it would found an entity nether the registration authorization of the Abu Dhabi Global Market (ADGM), the area’s planetary fiscal center. According to Galaxy laminitis and CEO Mike Novogratz, the determination was portion of a strategy to grow the company’s existing partnerships and operations.

“The Middle East is simply a rapidly increasing fiscal hub that is location to immoderate of the world’s astir blase investors and innovators,” said Galaxy managing manager Bouchra Darwazah. “It has go a peculiarly influential portion for our investors, clients, and portfolio companies, and we judge this bureau volition assistance found caller opportunities arsenic a starring planetary integer assets concern and infrastructure firm.”

Source: Galaxy

The Middle East determination followed Galaxy reporting a nett income of $505 cardinal successful the 3rd 4th of 2025, with $3.2 cardinal successful equity. Since 2018, the institution has been a large subordinate successful staying connected apical of crypto investments, including its plan to participate successful a $1.65 cardinal Solana (SOL) treasury money with Cantor Fitzgerald, Multicoin Capital and Jump Crypto.

Related: Tether’s USDt awarded cardinal regulatory presumption successful Abu Dhabi

UAE greenlighted respective crypto companies looking to Middle East markets

Over the past year, galore crypto companies person received regulatory approval to run successful cardinal Middle East markets, including Dubai and Abu Dhabi, specified arsenic exchanges Binance and Bybit.

Some stablecoin issuers person had akin success. In November, ADGM cleared regulated companies to deploy Ripple’s stablecoin, Ripple USD (RLUSD). This week, the fiscal halfway also recognized Tether’s USDt (USDT) arsenic an “accepted fiat-referenced token” and granted Circle regulatory approval to run arsenic a fiscal work provider, paving the mode for its USDC (USDC) stablecoin.

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