{"id":88880,"date":"2024-02-09T00:00:00","date_gmt":"2024-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/"},"modified":"2024-02-09T00:00:00","modified_gmt":"2024-02-09T00:00:00","slug":"new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/","title":{"rendered":"New USD 250 mn crypto asset management firm sets up shop in ADGM"},"content":{"rendered":"

Global crypto asset managers set up crypto infrastructure platform in ADGM:<\/strong> London-based family office Deus X Capital<\/a> and Australian private equity firm and blockchain provider Bridgetower Capital<\/a> are setting up a digital asset infrastructure platform in Abu Dhabi Global Market, according to a press release<\/a>. Dubbed Bridgetower Middle East, the self-funded company will own USD 250 mn assets for turnkey staking, the statement said. <\/p>\n

Uh, Enterprise, what\u2019s turnkey staking? <\/strong>In the cryptoverse, a proof of stake consensus mechanism \u2014 which governs certain crypto exchanges \u2014 involves staking (or locking up) some of your crypto assets to help validate other transactions. The bigger your stake, the more transactions you validate and, potentially, the more of the currency you get in return. You can read more on the exact rules of how this works in Enterprise Egypt\u2019s explainer on proof of stake here<\/a>. <\/p>\n

So what will the platform do?<\/strong> The company will host nodes to provide turnkey staking services, where it validates transactions on crypto investors\u2019 behalf across different blockchain platforms. It will also provide AI graphical processing unit computing to improve data center capabilities, and will have a PE arm that focuses on developing digital asset businesses in the UAE and the Middle East. <\/p>\n

Who\u2019s heading the company?<\/strong> The company will be led by Deus X Capital CEO Tim Grant and Bridgetower Capital CEO Cory Pugh. <\/p>\n

Is there demand for these services?<\/strong> Grant told Coin Telegraph<\/a> that the company aims to serve a \u201cwide range of institutional clients who are looking to leverage new technologies in a scalable, compliant and cost-effective manner.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The company will provide institutional staking services, AI computing, and private equity incubation for digital asset platforms<\/p>\n","protected":false},"author":1,"featured_media":88881,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1558],"tags":[277,107,7,25,341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-abu-dhabi-global-market","tag-crypto","tag-enterpriseam-uae","tag-investment-watch","tag-private-equity","wpautop","entry"],"acf":{"mongo_id":"0c5f1410-8056-418c-9de6-26641553616e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/755.jpg","photo_position":"above","homepage_title":"","full_issue_title":"New USD 250 mn crypto asset management firm sets up shop in ADGM","related_issue":[88874],"teaser":"The company will provide institutional staking services, AI computing, and private equity incubation for digital asset platforms","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.f69ab121-564b-4324-bc52-f737d35dd5fe.mp3"},"yoast_head":"\nNew USD 250 mn crypto asset management firm sets up shop in ADGM - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New USD 250 mn crypto asset management firm sets up shop in ADGM\" \/>\n<meta property=\"og:description\" content=\"The company will provide institutional staking services, AI computing, and private equity incubation for digital asset platforms\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"New USD 250 mn crypto asset management firm sets up shop in ADGM\",\"datePublished\":\"2024-02-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\"},\"wordCount\":273,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi Global Market\",\"CRYPTO\",\"EnterpriseAM UAE\",\"INVESTMENT WATCH\",\"private equity\"],\"articleSection\":[\"CRYPTO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\",\"name\":\"New USD 250 mn crypto asset management firm sets up shop in ADGM - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-02-09T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New USD 250 mn crypto asset management firm sets up shop in ADGM\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New USD 250 mn crypto asset management firm sets up shop in ADGM - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/","og_locale":"en_US","og_type":"article","og_title":"New USD 250 mn crypto asset management firm sets up shop in ADGM","og_description":"The company will provide institutional staking services, AI computing, and private equity incubation for digital asset platforms","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/","og_site_name":"UAE","article_published_time":"2024-02-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"New USD 250 mn crypto asset management firm sets up shop in ADGM","datePublished":"2024-02-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/"},"wordCount":273,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1","keywords":["Abu Dhabi Global Market","CRYPTO","EnterpriseAM UAE","INVESTMENT WATCH","private equity"],"articleSection":["CRYPTO"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/","name":"New USD 250 mn crypto asset management firm sets up shop in ADGM - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1","datePublished":"2024-02-09T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/02\/09\/new-usd-250-mn-crypto-asset-management-firm-sets-up-shop-in-adgm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"New USD 250 mn crypto asset management firm sets up shop in ADGM"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/755.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/88880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=88880"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/88880\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/88874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/88881"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=88880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=88880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=88880"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=88880"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=88880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}