- DeFi Technologies opens UAE office to expand MENA presence.
- ETPs targeting 65 digital assets by 2025.
- Increased crypto adoption and trading volumes anticipated.
DeFi Technologies, led by CEO Olivier Roussy Newton, has expanded into the MENA region by opening an office in the UAE’s Jumeirah Lake Towers.
DeFi Technologies has formalized the UAE expansion under DEFI DMCC with a focus on regulated ETPs via subsidiary Valour. CEO Olivier Roussy Newton highlighted this as a step into a dynamic financial ecosystem. The MENA expansion by DeFi Technologies through its UAE office targets increased access for investors via Valour, enhancing asset management capabilities in a crypto-friendly market.
“This expansion is more than just entering a new market; it is about integrating into a rapidly evolving financial ecosystem. The UAE is seen as a gateway to broader horizons, setting the stage for growth and opportunity.” — Olivier Roussy Newton, CEO, DeFi Technologies
The UAE move aims to capitalize on institutional flows into large-cap cryptocurrencies like BTC and ETH. By expanding, DeFi Technologies expects to see increased liquidity, adoption, and ETP trading volumes. The proactive UAE regulatory stance is expected to facilitate the integration of DeFi into traditional finance. On-chain data from similar expansions indicates potential increases in trading and liquidity provisioning, although specific metrics have not been disclosed.
Historical trends indicate that expansions into crypto-supportive regions result in significant engagements with traditional finance. As the UAE becomes a hub for such activities, this could forecast a notable boost in investor interest and trading liquidity. Efforts are in line with a broader trend of meeting rising demands for regulated digital asset exposure, while instrumental in promoting MENA’s role in cryptocurrency developments rapidly surpassing global averages.
