Galaxy Digital opens an Abu Dhabi workplace beneath ADGM, deepening its Center East footprint as UAE regulators fast-track main exchanges and stablecoin issuers.
Abstract
- Galaxy Digital has arrange a brand new Abu Dhabi entity beneath ADGM as a part of its technique to scale digital asset funding and infrastructure in high-demand institutional markets.
- UAE regulators in Abu Dhabi and Dubai have just lately greenlit main exchanges like Binance and Bybit, alongside new stablecoin approvals together with Ripple-, Circle- and Tether-linked merchandise.
- ADGM now acknowledges Tether’s fiat-referenced token throughout a number of blockchains, enabling licensed companies to conduct regulated actions with USDT in a rising regional crypto hub.
Digital asset agency Galaxy Digital has established a brand new entity in Abu Dhabi as a part of its growth technique within the Center East, the corporate introduced.
Galaxy Digital pivots in direction of Abu Dhabi
The agency will function beneath the Abu Dhabi International Market (ADGM), the emirate’s worldwide monetary middle that has emerged as a hub for cryptocurrency and monetary expertise firms.
Mike Novogratz, founder and chief government officer of Galaxy, said the growth displays the corporate’s technique to deepen partnerships and broaden operations throughout areas demonstrating sturdy institutional demand.
The announcement follows Galaxy’s reported sturdy monetary efficiency for the third quarter of 2025. The agency just lately participated in a deliberate Solana treasury fund alongside Cantor Fitzgerald, Multicoin Capital and Soar Crypto, in line with the corporate.
Bouchra Darwazah, managing director at Galaxy, described the Center East as a middle of capital, innovation and investor sophistication. The brand new workplace will assist Galaxy’s goal to place itself as a number one international digital asset funding and infrastructure agency, Darwazah said.
The United Arab Emirates has attracted quite a few main cryptocurrency companies in latest months as regulators in Abu Dhabi and Dubai have authorized further exchanges and stablecoin issuers.
Each Dubai and Abu Dhabi have authorized registrations for main international exchanges over the previous 12 months, together with Binance and Bybit, in line with regulatory bulletins.
Stablecoin issuers have additionally secured regulatory approvals within the area. ADGM just lately allowed regulated firms to subject a Ripple stablecoin, whereas the monetary middle acknowledged a Tether fiat-referenced token. Circle obtained authorization to function as a monetary service supplier within the jurisdiction.
Tether’s stablecoin has secured regulatory recognition as an authorized fiat-referenced token throughout a number of blockchains inside ADGM. The monetary middle now permits licensed establishments to conduct regulated actions involving the token throughout Aptos, Celo, Cosmos, Kaia, Close to, Polkadot, Tezos, TON and TRON. These approvals develop on earlier recognition for the token on Ethereum, Solana and Avalanche.
Binance disclosed it has secured full authorization to function its flagship platform beneath ADGM oversight. The change will function by means of three distinct authorized entities within the zone — an change, a clearing home and a broker-dealer — designed to allow regulated buying and selling, custody, settlement and off-exchange companies, in line with the corporate.
