As an experienced analyst following the blockchain and Web3 space, I am thrilled to see Blockdaemon’s expansion into Abu Dhabi, UAE. This strategic move is a significant stride for the company in the region and underscores their commitment to providing top-tier infrastructure solutions for both crypto-native and traditional finance institutions.
Blockdaemon, a leading blockchain infrastructure provider, has recently obtained approval from the Abu Dhabi Global Market (ADGM) Registration Authority to establish a presence in Abu Dhabi, UAE. With this expansion, Blockdaemon will be providing Web3 solutions locally, encompassing node and validator infrastructure.
The business intends to deliver technology innovations tailored for Web3, focusing on enhancing the Internet’s decentralization and security aspects. They propose providing node and validator infrastructure, which function as the underlying support systems for blockchain networks, and introduce a unique self-hosted Multi-Party Computing (MPC) wallet.
— Blockdaemon 😈 (@BlockdaemonHQ) May 13, 2024
According to the announcement on May 13, I, as a researcher, understand that Amor Sexton, Blockdaemon’s COO, views this expansion into the UAE as a “notable advancement” for the company.
Arvind Ramamurthy, the Chief of Market Development at ADGM, shares my belief in nurturing a favorable ecosystem for Web3 businesses to thrive and achieve their full potential.
“This significant expansion of a leading blockchain infrastructure company into our region by ADGM is a testament to the forward-thinking regulatory landscape we offer in our international financial center.”
Ramamurthy acknowledged the excitement these approvals would bring for possibilities within the region. Blockdaemon excels at creating advanced infrastructure solutions for blockchain technologies, serving both cryptocurrency-focused and conventional financial organizations.
Founded by Konstantin Richter in 2017, Blockdaemon is committed to delivering top-tier infrastructure solutions for various blockchain protocols, serving the needs of both crypto-focused and conventional financial organizations. Having achieved significant growth in the Asia-Pacific market at the beginning of 2022 and subsequently in Europe, the Middle East, and Africa (EMEA), Blockdaemon continues to expand its global footprint and advance its product offerings.
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2024-05-13 16:20