Last updated on December 13th, 2024 at 06:28 pm
The Aptos Foundation, a leading force in global blockchain development, has announced plans to open a regional office in Abu Dhabi Global Market (ADGM).
This move marks a pivotal step in the foundation’s efforts to expand the Aptos ecosystem and promote Web3 innovation worldwide.
The Abu Dhabi office will be a central hub for building regional partnerships and supporting Aptos blockchain projects. Establishing operations in the UAE aligns with its progressive approach to blockchain and Web3, bolstered by supportive government policies and a vibrant innovation culture, making it an ideal location for Aptos’s expansion. The new office will enable the Aptos Foundation to engage directly with local builders and stakeholders, accelerating the development of its blockchain ecosystem while reinforcing the UAE’s position as a global blockchain powerhouse.
Bashar Lazaar, Head of Growth and Ecosystems at the Aptos Foundation, highlighted the UAE’s strategic importance, stating that Abu Dhabi has become a global leader in blockchain innovation, driven by its commitment to Web3 adoption. Our new office in ADGM provides an unparalleled opportunity to connect with forward-thinking developers, institutions, and investors shaping the future of blockchain, he opined.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, welcomed the foundation’s arrival.
“Their decision to establish their first foreign office here highlights the UAE’s leadership in fostering innovation and advancing blockchain technologies. ADGM’s ecosystem is designed to support cutting-edge companies like Aptos Foundation as they collaborate with visionary developers, institutions, and investors to shape the future of Web3,”
he noted.
The UAE is attracting high-growth developers and global institutions, mainly through initiatives like the ADGM ecosystem for blockchain companies. Similarly, Deribit recently announced that it will establish its operational hub in Dubai, launching spot and derivatives trading on January 1, 2025. The platform will consolidate its operations and $50 billion in assets under Deribit FZE following licensing approval from Dubai’s Virtual Assets Regulatory Authority (VARA).
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