Blockchain infrastructure firm Blockdaemon receives approval to open new office in Abu Dhabi

Blockchain infrastructure company Blockdaemon has announced that it will expand its business in the United Arab Emirates by establishing new offices and entities in Abu Dhabi. In a statement released on May 13th, the company revealed that its expansion plan has been approved by the local regulatory agency, Abu Dhabi Global Markets (ADGM). As part of the expansion plan, the company will operate locally in the UAE and provide Web3 infrastructure solutions, including its node and validator infrastructure solutions in the region, as well as its self-hosted MPC wallet technology.