Blockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institutional-grade adoption.
Blockchain infrastructure firm Blockdaemon revealed that it will be expanding its presence in the United Arab Emirates with a new office and entity in Abu Dhabi.
The company revealed that its expansion plans were greenlit under the local Registration Authority of Abu Dhabi Global Market (ADGM) in an announcement shared with Cointelegraph on May. 13.
Part of the expansion plans are to operate and provide Web3 infrastructure solutions locally in the UAE. This will also entail making its node and validator infrastructure solutions available in the region, along with its self-hosted MPC wallet technology.
