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3rd Party: 1 day ago
Galaxy Digital Inc. (“Galaxy” or the “Company”) (NASDAQ: GLXY) (TSX: GLXY), a global leader in digital assets and data center infrastructure, today announced it is expanding its presence in the United Arab Emirates (“UAE”), including the opening of an office and the establishment of a new entity in Abu Dhabi under the Registration Authority of ADGM, the international financial center of the UAE’s capital, Abu Dhabi.
Based in Abu Dhabi in the heart of ADGM, Galaxy’s new office deepens the Company’s global footprint across three continents and underscores its commitment to the UAE and the broader region. The newly established office will be led by Bouchra Darwazah, a Managing Director at Galaxy, who will be responsible for expanding Galaxy’s presence in the region by leveraging the firm’s deep experience, track record and resources.
“As we continue to expand our operations and deepen our partnerships around the world, this milestone paves the way for greater collaboration and innovation in the UAE,” said Mike Novogratz, Founder and CEO of Galaxy. “This milestone unlocks new opportunities for Galaxy and strengthens ADGM’s reputation as a hub for digital asset innovation. We look forward to leveraging our enhanced positioning to meet the evolving needs of existing and new clients, investors and counterparties for years to come.”
Arvind Ramamurthy, Chief Development Market Officer, said: “We welcome Galaxy Digital to Abu Dhabi as a global leader in digital assets and data centre infrastructure. Their decision to establish an office here reflects the strength and appeal of ADGM’s progressive ecosystem, which offers a robust regulatory framework, world-class infrastructure, and a collaborative environment for innovation. ADGM continues to serve as a trusted hub for digital asset companies, enabling growth, security, and global connectivity in one of the most dynamic financial centres in the world.”
“The Middle East is a rapidly growing financial hub that is home to some of the world’s most sophisticated investors and innovators,” said Ms. Darwazah. “It has become a particularly influential region for our investors, clients, and portfolio companies, and we believe this office will help establish new opportunities as a leading global digital assets investment and infrastructure firm.”
The expansion deepens Galaxy’s long-standing partnerships in the region and underscores the Company’s strategy to support institutional-grade digital asset trading, infrastructure and innovation worldwide.
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