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cryptonews 2025-12-11 07:42:34

Galaxy Launches Abu Dhabi Arm to Grow Middle East Presence

Galaxy is expanding its global footprint with a new office and entity in Abu Dhabi, moving into one of the world’s fastest-growing digital asset hubs. Key Takeaways: Galaxy is launching a new Abu Dhabi entity as part of its broader Middle East expansion strategy. The move follows a strong Q3, with $505 million in net income and participation in a $1.65B Solana treasury fund. The UAE continues to attract major crypto firms as Abu Dhabi and Dubai approve more exchanges and stablecoin issuers. The company confirmed Wednesday that it will establish an operation under the Abu Dhabi Global Market (ADGM), the emirate’s international financial center and a rising destination for crypto and fintech firms. Founder and CEO Mike Novogratz said the expansion reflects Galaxy’s strategy to deepen its partnerships and broaden its operations across regions showing strong institutional demand. Galaxy Posts Strong Q3 as It Joins $1.65B Solana Fund The move comes as Galaxy reports strong financial performance, including $505 million in net income for Q3 2025 and $3.2 billion in equity. The firm has remained active across the crypto landscape, with recent involvement in a planned $1.65 billion Solana treasury fund alongside Cantor Fitzgerald, Multicoin Capital and Jump Crypto. Managing director Bouchra Darwazah highlighted the importance of the Middle East, describing it as a center of capital, innovation and investor sophistication. She added that the new office will support Galaxy’s ambition to position itself as a leading global digital asset investment and infrastructure firm. Galaxy is officially expanding into Abu Dhabi. Today, we announced our new @ADGlobalMarket office, strengthening our global reach and deepening our commitment to one of the world’s most dynamic financial centers. Read the announcement here: https://t.co/YEw7dZw8ae pic.twitter.com/hifgY2F05J — Galaxy (@galaxyhq) December 10, 2025 Galaxy joins a growing list of digital asset companies turning to the UAE as a base for Middle East expansion. Both Dubai and Abu Dhabi have approved registrations for major global exchanges over the past year, including Binance and Bybit. Stablecoin firms have also secured key approvals. In November, ADGM allowed regulated companies to issue Ripple’s RLUSD stablecoin , while this week the financial center recognized Tether’s USDt as an accepted fiat-referenced token. Circle also received authorization to operate as a financial service provider, paving the way for wider use of USDC in the region. Tether, Binance Secure Regulatory Approval in ADGM Galaxy’s arrival underscores the UAE’s drive to attract major players as it positions itself as a global leader in digital asset regulation and infrastructure. As reported, Tether’s USDT stablecoin has also secured regulatory recognition as an approved fiat-referenced token across a wide range of blockchains inside the ADGM. Tether said ADGM now permits licensed institutions in the financial free zone to conduct regulated activities involving USDT across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON. These approvals expand on earlier recognition for USDT on Ethereum, Solana and Avalanche. On Monday, Binance disclosed that it has also secured full authorization to operate its flagship Binance.com platform under ADGM oversight, a milestone that comes after years of regulatory scrutiny. Binance will operate through three distinct legal entities in the zone, an exchange, a clearing house and a broker-dealer, reflecting a traditional financial-market structure designed to enable regulated trading, custody, settlement and off-exchange services. The post Galaxy Launches Abu Dhabi Arm to Grow Middle East Presence appeared first on Cryptonews .

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