Private equity firms Deus X Capital and Bridgetower Capital are teaming up to launch Bridgetower Middle East, a new cryptocurrency infrastructure platform aimed at bringing digital asset services to institutional investors in the Middle East. With a hefty investment of $250 million, the platform will offer services such as cryptocurrency staking, investing, and advanced data center capabilities.
Headquartered in the Abu Dhabi Global Market Free Economic Zone in the United Arab Emirates (UAE), Bridgetower Middle East will be led by Tim Grant and Cory Pugh, the CEOs of Deus X and Bridgetower, respectively. The joint statement released on February 8 outlined their plans to establish an infrastructure that caters to institutional clients seeking scalable, compliant, and cost-effective solutions for leveraging new technologies.
Bridgetower Middle East aims to serve as a launchpad for institutional clients in the region, providing turnkey staking, artificial intelligence (AI) graphics processing unit (GPU) computing, Web3 commerce, and private equity incubation services. Grant emphasized the importance of meeting the growing demand for such services in the Middle East, noting the region's potential for adopting innovative technologies.
Pugh highlighted the commitment to regulatory compliance and ethical business practices, expressing confidence in the strong regulatory framework established by regional authorities. With $250 million in self-funded custody assets and plans to bring additional substantial assets to the platform, Bridgetower Middle East aims to instill confidence in investors and contribute to the growth of the UAE's digital asset ecosystem.
Both firms expressed interest in potentially pursuing a public listing on the Abu Dhabi Securities Exchange (ADX) and reiterated their dedication to investing in the UAE's digital asset space. Deus X Capital, with initial assets of $1 billion, has previously led funding rounds for Web3 gaming companies, while Bridgetower Capital has partnered with the Solana Foundation to develop blockchain networks. The UAE has been actively positioning itself as a global hub for digital assets, attracting investments and collaborations to foster innovation in the region.
