Global Digital Asset Firm Galaxy Opens ADGM Office, Anchors Operations in UAE - Crypto Economy

TL;DR

• Galaxy Digital opened an office in ADGM, Abu Dhabi, to strengthen institutional digital asset trading and provide reliable infrastructure.
• The office will be led by Bouchra Darwazah; Michael Novogratz highlighted that it will enhance local collaboration, drive innovation, and create new opportunities for clients.
• The firm manages $17 billion in assets in MENA, operates 800MW of AI/HPC data centers, and holds multiple investments.

Galaxy Digital expanded its presence in the Middle East with the opening of an office in Abu Dhabi under the regulatory framework of ADGM, the international financial center of the UAE capital. This facility aims to strengthen institutional digital asset trading operations and provide reliable infrastructure for clients and investors in the region.

The office will be led by Bouchra Darwazah, Managing Director at Galaxy, who will oversee regional expansion leveraging the firm’s experience, track record, and resources. Michael Novogratz, founder and CEO, emphasized that the new office will foster collaboration with local entities, encourage innovation in the region, and provide opportunities for new clients, investors, and counterparties, reinforcing ADGM’s reputation as a hub for digital assets.


Abu Dhabi Continues to Attract Crypto Industry Firms

Galaxy Digital already manages $17 billion in assets in the MENA region and is one of the leading liquidity providers in the digital asset market. The company also operates 800MW of capacity at its AI/HPC data center campus, aligning its infrastructure with Abu Dhabi’s goals of becoming a center for artificial intelligence and advanced digital economy.

Galaxy’s arrival will strengthen the ADGM ecosystem, considered by its authorities as a reliable environment for digital asset companies. Arvind Ramamurthy, Chief Development Market Officer at ADGM, noted that the firm’s presence reflects the strength and appeal of an ecosystem that combines regulation, infrastructure, and global connectivity. Darwazah added that the region has become a strategic hub for investors.


Galaxy Digital: Regulation, Connectivity, and Infrastructure

The expansion also includes investments in local infrastructure. In May 2025, Galaxy led a $12.2 million Series A funding round in Fuze, a regulated digital asset infrastructure firm in the Middle East and Turkey. Fuze offers Digital Assets-as-a-Service, an OTC desk, stablecoin solutions, and, through FuzePay, payment services, supporting both regional and international growth.

With this opening, Galaxy aims to enhance its institutional trading capabilities, technological infrastructure, and advanced investment products in the Middle East. The company combines global experience, cutting-edge infrastructure, and comprehensive regulatory services to serve sophisticated clients