Blockdaemon receives approval for expanding operations in Abu Dhabi, UAE.

Blockchain infrastructure firm Blockdaemon has announced plans to expand its presence in the United Arab Emirates (UAE) by opening a new office in Abu Dhabi. The expansion has been approved by the Registration Authority of Abu Dhabi Global Market (ADGM). As part of its expansion plans, Blockdaemon will offer Web3 infrastructure solutions locally in the UAE, including node and validator infrastructure solutions, as well as its self-hosted multiparty computation (MPC) wallet technology. The company sees this move as a strategic alignment with the region’s growing blockchain industry. ADGM aims to create an environment that supports the growth and success of Web3 companies. Blockdaemon specializes in developing institutional-grade infrastructure for blockchain protocols and financial institutions.