Deus X Capital and Bridgetower Capital, two prominent private equity firms, have announced the launch of Bridgetower Middle East, a groundbreaking $250 million cryptocurrency infrastructure platform in the Abu Dhabi Global Market. This initiative is set to introduce advanced crypto staking, investing, and digital asset services specifically designed for institutional investors across the Middle East.
The venture is a collaborative effort led by the CEOs of Deus X and Bridgetower, Tim Grant and Cory Pugh, aiming to fill the gap in the market for comprehensive digital asset services. With its base in the United Arab Emirates’ capital, Bridgetower Middle East is positioned to leverage the region’s supportive regulatory environment to offer turnkey solutions in staking and artificial intelligence (AI) computing, among other services.
The platform plans to host institutional staking nodes in-region and provide cutting-edge data center capabilities, including AI GPU computing, Web3 commerce, and private equity incubation services. This move is part of a broader strategy to attract substantial assets beyond the initial $250 million investment, signaling a strong commitment to the UAE’s burgeoning digital asset ecosystem.
Both Deus X and Bridgetower have expressed their intention to invest further in the region, with potential plans to explore public listing options on the Abu Dhabi Stock Exchange (ADX). Their efforts underscore the UAE’s emerging status as a global hub for digital assets, attracting significant international investment and innovation in the sector.
This strategic partnership between Deus X and Bridgetower not only highlights the growing interest in digital asset services in the Middle East but also underscores the region’s potential to lead in the global digital economy. With regulatory support and a clear vision, Bridgetower Middle East is set to pave the way for institutional investors looking to explore the digital asset space in a scalable, compliant, and efficient manner.