Galaxy Announces UAE Expansion in Middle East Push

The digital asset firm Galaxy has revealed plans to establish an office and a new entity in Abu Dhabi, signaling a committed expansion into the Middle Eastern market. This initiative aims to position the company at the heart of a key financial region.

In a notice issued Wednesday, Galaxy confirmed it would set up an operation under the regulatory authority of the Abu Dhabi Global Market. The decision, as explained by CEO Mike Novogratz, is designed to broaden the scope of the company’s partnerships and business functions.

Galaxy managing director Bouchra Darwazah emphasized the strategic importance of the Middle East, describing it as an influential region for the firm’s global network of investors and clients. She believes the Abu Dhabi office will be pivotal in driving new ventures.

The expansion follows Galaxy’s report of a strong third quarter in 2025, featuring significant net income and equity. The company’s track record includes active participation in leading digital asset investments, exemplified by its involvement in a collaborative $1.65 billion Solana fund.