Digital asset firm Galaxy has announced major expansion plans in the Middle East, including a new office and registered entity within the Abu Dhabi Global Market (ADGM). CEO Mike Novogratz said the move reflects the company’s long-term strategy to deepen partnerships and take advantage of the region’s fast-growing crypto investment environment.
Managing director Bouchra Darwazah noted that the Middle East has become home to some of the world’s most sophisticated investors, making it an influential hub for clients and portfolio projects.
This expansion comes after Galaxy reported a strong third quarter in 2025, posting $505 million in net income and $3.2 billion in equity. The firm has been active in major crypto initiatives, including a planned $1.65 billion Solana treasury fund with Cantor Fitzgerald, Multicoin Capital, and Jump Crypto.
Over the past year, Abu Dhabi and Dubai have approved operations for several leading crypto firms, including Binance, Bybit, and stablecoin issuers like Ripple and Circle — giving Galaxy a well-regulated environment to grow its regional presence.
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