Deus X and Bridgetower launch US$250 million digital asset joint venture 'Bridgetower Middle East'

Private equity firms Deus X Capital and Bridgetower Capital will launch a $250 million cryptocurrency infrastructure platform. The new entity, Bridgetower Middle East, will be located in the Abu Dhabi Global Market Free Zone in the United Arab Emirates (UAE), led by Deus X and Bridgetower's respective CEOs Tim Grant and Cory Pugh. It will host institutional pledge nodes in the region and provide advanced data center capabilities, AI GPU, Web3 business, and private equity incubation services, aiming to meet the Middle East's demand for bundled pledges and AI graphics processing unit (GPU) computing.