TechFlow news, December 11 — According to Cointelegraph, Galaxy, a digital asset management and infrastructure company, announced it will establish an office and new business division in Abu Dhabi as part of its expansion strategy into the Middle East market.
Galaxy stated that it will set up an entity under the regulatory framework of the Abu Dhabi Global Market (ADGM). Mike Novogratz, the company's founder and CEO, said the move aims to expand existing partnerships and business operations. Bouchra Darwazah, Managing Director at Galaxy, noted that the Middle East is a rapidly growing financial hub bringing together some of the world's most sophisticated investors and innovators.
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