Galaxy invests heavily in the Middle East! What's the plan behind the new office in Abu Dhabi?

Question

【ChainNews】Recently, there is a noteworthy trend in the digital asset circle—Galaxy, a company specializing in asset management and infrastructure, is opening a new office in Abu Dhabi.

They didn’t just pick any location but chose to establish themselves in the Abu Dhabi Global Market (ADGM), an international financial center in the Middle East. It’s clear they are serious about deepening their presence in the Middle East market. Galaxy’s founder Mike Novogratz said this is an important step in expanding their existing partnerships and business footprint.

The timing is quite strategic. Just before announcing this news, Galaxy released its third-quarter 2025 earnings report—net revenue of $505 million, with an equity value reaching $3.2 billion. With such a solid financial foundation, expanding outward seems like a natural progression.

In recent years, the Middle East has become increasingly aggressive in its Web3 development. Now with heavyweight players like Galaxy entering the scene, the region’s crypto ecosystem could become even more lively.

MEVSandwichVictim · Accepted Answer

Bro, Galaxy is really going after the Middle Eastern market, earning $500 million in net revenue is pretty impressive.

Novogratz really knows how to pick the right timing; right after the earnings report, he announces expansion. That move is quite bold.

The Middle East financial center is just this much; industry giants are all gathering there. Why does it seem like newcomers have less and less chance?

Wait, could their plan to build an office in ADGM just be another hype play? History has shown us this kind of game before.

NotFinancialAdvice · Answer

The Middle East is now the new hunting ground for the big players. Novogratz is playing his hand smoothly—having money means being willful.

InscriptionGriller · Answer

Oops, it's another classic move of "throwing money into new markets." The Middle East is truly a lucrative piece of fat meat. Galaxy is now full and bouncing around outside, and with this financial report out, confidence is all the way up.

CoffeeNFTrader · Answer

Middle East is疯狂吸金, is this wave really about to take off? Galaxy is investing so much money into it, I like it.

MaticHoleFiller · Answer

The Middle East really treats the crypto business as hard currency, and they've been pouring money in over the past few years. Galaxy's move is well thought out; having such a large backing definitely gives them confidence.

MultiSigFailMaster · Answer

The Middle Eastern financial center is really in the spotlight this time, with major firms rushing in.

Galaxy's move is quite bold; they must have had their eyes on it for a while.

Talking about 3.2 billion in equity value, they definitely have the confidence to spend big.

By the way, Novogratz has always had a keen sense; he’s involved wherever money can be made.

But the real winner is still ADGM, attracting top projects like a vampire.

It feels like the Middle East is about to take off, the next battlefield for Web3.