The new entity is aimed at opening the doors for the Middle East’s institutional investors to crypto, staking, and AI.
Private equity firms Deus X Capital and Bridgetower Capital are set 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.
The new entity, Bridgetower Middle East, will be based in the Abu Dhabi Global Market, a free economic zone within the United Arab Emirates capital, and headed by Deus X and Bridgetower’s respective CEOs, Tim Grant and Cory Pugh, according to a joint statement on Feb. 8.
Speaking to Cointelegraph, Grant explained that the initiative aims to establish an infrastructure to meet the demand for turnkey staking and AI GPU computing in the Middle East, adding:
