In a move that will likely further bolster the digital asset landscape in the United Arab Emirates (UAE) and the wider Middle East region, a collaborative venture between Bridgetower Capital and Deus X Capital is launching a digital asset platform in Abu Dhabi.With an initial investment of $250 million, Bridgetower Middle East, as <a href="https://www.arabianbusiness.com/money/wealth/alternative-assets/bridgetower-me" rel="noopener noreferrer nofollow">reported</a> by weekly regional business magazine Arabian Business, is poised to play a pivotal role in fostering institutional-grade digital asset infrastructure within the UAE and the broader Middle East and Gulf Cooperation Council (GCC) region.Cory Pugh, Chairman and CEO of Bridgetower, expressed his enthusiasm about the partnership, stating:“Staying true to our roadmap of global expansion and partnering with top companies, it’s a rare privilege to see Deus X and Bridgetower partner to create Bridgetower ME as one jointly owned, Abu Dhabi entity.”<h2 id="header-0">Headquartered in ADGM</h2>Headquartered in the Abu Dhabi Global Market (ADGM), Bridgetower Middle East aims to serve as the nerve center for digital asset activities, with a footprint extending to Dubai. The company&#39;s core mission is to inaugurate and manage an institutional-grade digital asset infrastructure platform, facilitating the rapid evolution of the digital asset business across the UAE and the region.Backed by significant self-funding, Bridgetower ME brings forth a wealth of expertise, with over $250 million of delegated assets earmarked for turnkey staking, coupled with extensive experience in digital asset management and capital deployment, courtesy of Bridgetower and Deus X.“We have tremendous respect for the UAE business culture and regulatory approach to digital asset infrastructure and look forward to investing resources to both incubate and bring new opportunities to the UAE,” remarked Pugh.Through its suite of services, Bridgetower Middle East aims to provide institutional clients with a secure platform for engaging in staking activities, facilitating transactions across major blockchain networks. In 2022 it <a href="https://www.businesswire.com/news/home/20220323005733/en/BridgeTower-Capital-Teams-with-Securitize-and-Chainlink-to-Expand-Offerings-in-Staking-DeFi-and-Permissioned-Markets-on-Avalanche" rel="noopener noreferrer nofollow">partnered</a> with Securitize to offer a Staked Digital Asset Security (SDAS) product on the Avalanche blockchain. Last year, it <a href="https://medium.com/&#64;bridgetowercap/bridgetower-capital-to-onramp-to-lido-for-institutional-financial-services-sector-454e2d77311c" rel="noopener noreferrer nofollow">integrated</a> the Lido liquid staking ecosystem within its own platform.<h2 id="header-1">Harnessing AI and blockchain capabilities</h2>Furthermore, Bridgetower ME is poised to elevate the capabilities of blockchain and artificial intelligence (AI) through its advanced AI GPU services tailored for blockchain networks. By leveraging its specialized data center infrastructure, Bridgetower ME seeks to augment computing capabilities for blockchain and AI applications, thus driving innovation within the digital asset ecosystem.In line with its commitment to nurturing the blockchain ecosystem, Bridgetower ME plans to spearhead private equity investments and support the incubation of startups in the UAE. Additionally, the company envisions the launch of a Web3 commerce platform, aimed at seamlessly integrating traditional businesses with digital assets.Through strategic collaborations with global consumer brands, art markets and sports organizations, Bridgetower ME aims to accelerate the adoption of blockchain technology on a global scale. Tim Grant, representing Deus X Capital, expressed his excitement about the collaboration, stating:“We are delighted to have the opportunity to work with Abu Dhabi to incorporate a company that is solely focused on making the country the global leader in digital assets and fintech.”

Bridgetower and Deus X establish $250M digital asset platform in UAE

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