Galaxy, a renowned digital asset management and infrastructure company, has announced plans to establish a new office and business division in Abu Dhabi as part of its strategy to strengthen its presence in the Middle East and foster relationships with new partners. The company intends to register under the Abu Dhabi Global Market (ADGM), an international financial center in the region. Mike Novogratz, Galaxy’s founder and CEO, described this move as a significant step in expanding the company’s current business strategies. In its third-quarter financial results for April 2025, Galaxy reported a net revenue of $505 million and equity valued at $3.2 billion, underscoring its financial stability and providing a strong foundation for global expansion. This expansion strategy comes amid rapid growth in the Middle East’s digital asset market and emerging investment opportunities. Abu Dhabi’s selection is strategic due to its attractive financial services infrastructure and regulatory framework. Looking ahead, Galaxy’s expansion could play a vital role in advancing digital currencies and blockchain technology in the region, though challenges such as compliance with local regulations and market competition remain. The company’s success will depend on how effectively it navigates these factors while meeting customer needs.
Source: binance
