Galaxy Expands Operations in Abu Dhabi to Enhance Middle East Presence
- Galaxy plans to establish a new office under the Abu Dhabi Global Market (ADGM) registration authority.
- The company reported a net income of $505 million and $3.2 billion in equity for the third quarter of 2025.
- Galaxy aims to participate in a $1.65 billion treasury fund for Solana (SOL) alongside major partners like Cantor Fitzgerald.
- The UAE has approved several crypto firms, including Binance and Bybit, for operations in key markets.
- ADGM recently recognized Tether’s USDt as an “accepted fiat-referenced token” and granted Circle regulatory approval for USDC.
This expansion reflects Galaxy’s strategy to tap into the growing financial hub of the Middle East, which is attracting sophisticated investors and innovators. The establishment of its ADGM office is expected to create new opportunities for digital asset investment and infrastructure development.
With a reported net income of $505 million, Galaxy’s move into Abu Dhabi underscores its commitment to expanding its influence in the rapidly evolving crypto landscape.(Source)
