Bridgetower Capital, Deus X Capital Launch New Digital Asset Platform in Abu Dhabi

Bridgetower Capital, a provider of digital asset and blockchain infrastructure, has joined forces with a family-office-backed investment and operating company Deus X Capital to establish Bridgetower Middle East (ME).

The newly formed entity, managed by Tim Grant, CEO of Deus X Capital, and Cory Pugh, CEO of Bridgetower Capital, marks the initial collaboration between the two companies.

Headquartered in ADGM, the international financial centre (IFC) of Abu Dhabi, Bridgetower ME aims to launch and operate an institutional-grade digital asset infrastructure platform.

"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," Cory Pugh, Chairman, and CEO of Bridgetower said.

"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," he added.

The company, which is self-funded, brings over $250 million of delegated assets for turnkey staking.

As part of its customer offerings, Bridgetower ME will provide turnkey institutional staking, a secure service that involves validating transactions on some of the world's largest blockchains.

Additionally, customers will have access to advanced data center capabilities, including AI GPU services over blockchain networks.

Moreover, the platform will offer private equity and venture building facilitation to support and foster the growth of the blockchain digital asset ecosystem in the UAE region. It will also provide a customisable Web3 commerce platform to cater to renowned brands that are exploring digital asset opportunities.

"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," Tim Grant, CEO of Deus X Capital said.

(Source: ArabianBusiness)