Galaxy Digital opens an Abu Dhabi workplace below 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 below 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 not too long ago 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 enlargement technique within the Center East, the corporate introduced.
Galaxy Digital pivots in the direction of Abu Dhabi
The agency will function below the Abu Dhabi World Market (ADGM), the emirate’s worldwide monetary middle that has emerged as a hub for cryptocurrency and monetary know-how firms.
Mike Novogratz, founder and chief government officer of Galaxy, said the enlargement 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 not too long ago participated in a deliberate Solana treasury fund alongside Cantor Fitzgerald, Multicoin Capital and Bounce Crypto, in accordance 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 help 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 authorised further exchanges and stablecoin issuers.
Each Dubai and Abu Dhabi have authorised registrations for main international exchanges over the previous yr, together with Binance and Bybit, in accordance with regulatory bulletins.
Stablecoin issuers have additionally secured regulatory approvals within the area. ADGM not too long ago allowed regulated firms to subject a Ripple stablecoin, whereas the monetary middle acknowledged a Tether fiat-referenced token. Circle acquired authorization to function as a monetary service supplier within the jurisdiction.
Tether’s stablecoin has secured regulatory recognition as an authorised 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 broaden on earlier recognition for the token on Ethereum, Solana and Avalanche.
Binance disclosed it has secured full authorization to function its flagship platform below ADGM oversight. The change will function via 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 providers, in accordance with the corporate.
