WHAT DINA THINKS: ADGM entity Bridgetower M.E. launches to help UAE enterprises on digital,


 

Hi expats! 

Bridgetower Middle East, a $250 million funding platform, has emerged within the prestigious Abu Dhabi Global Market (ADGM). This development signals the region's increasing embrace of digitalization, with enterprises across the UAE and the Gulf region recognizing the vast potential of blockchain infrastructure and digital assets.

Bridgetower Middle East aims to revolutionize institutional investment in digital assets by offering a comprehensive suite of services, including turnkey institutional staking, access to cutting-edge data center capabilities, and crucial private equity and venture capital support. The platform's introduction of staking, where investors earn income on their crypto assets by securing the blockchain, represents a significant leap forward in the realm of digital asset investment.

Backed by industry stalwarts Deus X Capital and Bridgetower Capital, Bridgetower Middle East is poised to reshape the region's digital landscape. Tim Grant, CEO of Deus X Capital, underscores the strategic importance of the Middle East in fostering next-generation capabilities in digital assets. Grant emphasizes the platform's commitment to identifying local partners and driving ecosystem development in the region.

The regulatory groundwork laid by ADGM in Abu Dhabi and VARA in Dubai, alongside the launch of a dedicated free zone for virtual asset companies in Ras Al Khaimah, sets the stage for robust growth in the digital asset sector. With a clear regulatory framework in place, the region is primed to explore the full potential of cryptocurrencies, blockchain, and virtual assets.

The driving forces behind Bridgetower Middle East are notable industry players. Deus X Capital specializes in private equity, venture capital, and fintech opportunities, while Bridgetower Capital is renowned for its digital assets infrastructure and investment services. Cory Pugh, CEO of Bridgetower Capital, highlights the platform's collaboration with regulators and its seamless transition into the private market, signaling a conducive environment for digital asset investment.

Moreover, Bridgetower Middle East is poised to leverage the public-private partnership (PPP) model to enhance digital asset infrastructure. With plans for long-term capitalization options, including a potential listing on the Abu Dhabi Stock Exchange ADX, the platform aims to attract partners and drive growth in the digital asset space.

What do you think? 

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