Aptos Expands Middle East Presence with New Regional Office in Abu Dhabi

Aptos Expands Middle East Presence with New Regional Office in Abu Dhabi

The Aptos Foundation, the organization behind the Aptos blockchain, is making a significant move by opening its first regional office in Abu Dhabi. This expansion, announced on December 11, marks Aptos' entry into the Middle East, a region increasingly recognized as a global hub for blockchain innovation.


Located in Abu Dhabi Global Market (ADGM), a renowned international financial center, the new office is strategically positioned to foster partnerships and support projects aimed at expanding the Aptos ecosystem. The UAE's burgeoning reputation as a blockchain-friendly environment and its robust regulatory framework have made it an ideal location for the foundation's regional operations.


Bashar Lazaar, head of growth and ecosystems at Aptos Foundation, highlighted the importance of this move: “With this office, we aim to be at the forefront of the blockchain movement in the region and contribute to its rapid growth.” The foundation's presence in the UAE is set to serve as a central hub for Aptos’ activities in the Middle East, enabling the organization to connect with local developers, institutions, and startups.


Abu Dhabi’s ADGM has earned a reputation for its blockchain-friendly regulatory environment, making it an attractive destination for tech companies, especially those focused on web3 and decentralized finance (DeFi). Aptos is joining other prominent players in the blockchain space, such as Binance and Blockdaemon, which have also expanded their operations to the UAE.


The UAE’s growing status as a crypto and blockchain powerhouse is not just about infrastructure; the country also offers favorable tax policies for crypto investors. A report from Coincub and Blockpit published in early November reaffirmed that the UAE continues to be a top destination for crypto investors, with no personal income or capital gains tax on cryptocurrency profits. This, coupled with ADGM’s supportive ecosystem, makes the region an ideal environment for blockchain projects to thrive.


The Aptos Foundation’s new office in Abu Dhabi is a key milestone in its efforts to build a global ecosystem around the Aptos blockchain. As blockchain and decentralized technologies continue to gain traction worldwide, Aptos is positioning itself to capitalize on the growing demand in the Middle East, a region poised for significant advancements in the space.

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