Deus X Capital and Bridgetower Capital, private equity firms, to launch a new $250 million crypto infrastructure platform, bringing crypto staking, investing and other digital asset services to institutional investors in the Middle East.
It is believed that Bridgetower Middle East, will be based in the Abu Dhabi global market, economic zone within the United Arab Emirates (UAE) capital. This will be headed by Deus X and Bridgetower’s respective CEOs, Tim Grant and Cory Pugh, as per insights from a joint statement made on February 8, 2024.
Furthermore, “[Bridgetower ME] will serve as a launchpad to support a wide range of institutional clients who are looking to leverage new technologies in a scalable, compliant and cost-effective manner,” Tim Grant, CEO, Bridgetower, explained.
The new entity is expected to host nodes in-region for institutional staking and provide advanced data center capabilities with AI GPUs, Web3.0 commerce and private equity incubation services, concluded Cointelegraph.
(With insights from Cointelegraph)
