Overview
- Galaxy said it will establish a new subsidiary and office in Abu Dhabi within the Abu Dhabi Global Market to grow its presence in the region.
- The company framed the expansion as a way to deepen partnerships and serve rising demand across the Middle East’s digital asset market.
- CEO Mike Novogratz called the Middle East a growing financial hub with highly sophisticated investors and active innovators.
- Galaxy pointed to strong Q3 2025 results, reporting $505 million in net income and $3.2 billion in equity, as support for its growth plans.
- Recent UAE actions include ADGM allowing Ripple USD deployments, recognizing Tether’s USDt, and approving Circle, with major exchanges such as Binance and Bybit gaining local regulatory clearances.