Deus X and Bridgetower join forces to bring crypto to investors in the Middle East

Deus X Capital and Bridgetower Capital join forces to create Bridgetower Middle East in the Middle East. This new Abu Dhabi-based platform is dedicated to investments in cryptocurrencies and artificial intelligence.

An infrastructure designed for institutional investors

Deus X Capital and Bridgetower Capital, two private equity giants, have announced their strategic alliance with the launch of Bridgetower Middle East. The mission of this $250 million joint venture is to meet the expectations of institutional investors in the Middle East when it comes to cryptocurrencies and artificial intelligence.

In concrete terms, Bridgetower Middle East will enable them to launch into crypto staking and mining. To achieve this, the joint venture is providing all the necessary technological building blocks: mining via powerful GPUs, secure data center services, support for Web3 projects and venture capital investments.

Visit Tim Grant, Deus X CEO, this partnership represents a “springboard” facilitating the entry of institutions into the crypto world. For its part, Cory Pugh, head of Bridgetower is committed to capitalizing strongly on this new entity, as a pledge of its determination to make it a benchmark player in the region.

The United Arab Emirates, the new crypto Eldorado

This Abu Dhabi launch is no coincidence. The United Arab Emirates is working hard to establish itself as the world’s leading crypto center. Their authorities have put in place an exceptionally favorable regulatory framework, attracting the industry’s major players.

This strategy is bearing tangible fruit. Last November, Paxos has obtained authorization to provide its stablecoin and digital asset services from Abu Dhabi. In the same spirit, Iota invested $100 million in a dedicated blockchain center in the UAE capital.

Strongly convinced of the potential of this emerging financial center, the promoters of Bridgetower Middle East are even considering a possible IPO on the Abu Dhabi market.i. This intention is further recognition of the leading role that cryptos now play in this region.

Thanks to this new specialized platform, investors in the region now have a privileged access point to the cryptocurrency universe.