Chainalysis, the blockchain intelligence platform, has launched its headquarters for Southern Europe, Middle East, Central Asia, and Africa in Dubai. The company aims to recruit skilled professionals specializing in traditional finance, regulatory compliance, and Web3.0 technologies to operate from its Dubai headquarters.
As per the press release, this move follows three years of exponential growth in the region for the company, as it has established itself as the leading provider of crypto investigation, Web3 growth, and crypto risk solutions to government and private sector entities.
Chainalysis provides data, software, services, and research to government agencies, virtual asset
service providers, financial institutions, and insurance and cybersecurity companies in over 70
countries.
In support of the UAE’s push to be a global crypto hub, Chainalysis has been actively engaging with
key government stakeholders to offer guidance and best practices for the development of the
regulations and frameworks necessary to foster a thriving crypto ecosystem. This includes partnering
with the UAE’s Ministry of Artificial Intelligence, Digital Economy and Remote Work Applications to set
up a Centre of Excellence that helps government employees upskill on blockchain technologies. Most
recently, Chainalysis signed an MoU with Emirates NBD to support the banking leader’s Digital Asset
Lab program.
“The UAE government has spearheaded the crypto revolution with forward-focused regulations, and
business-friendly policies. At Chainalysis, we have been actively driving the maturity of the region’s
crypto ecosystem in line with the latest developments across the globe,” said Michael Gronager, CEO
at Chainalysis. “The true potential and value of cryptocurrencies lies in their ability to transfer value,
and we’re seeing an upward trend of overall transfer activity. Utilization is the underlying success
story of the industry, and the UAE is strongly positioned to lead innovation with novel use cases that
deliver tangible value to consumers and businesses.”
With the opening of its Dubai UAE office, Chainalysis is establishing new regional headquarters which
supports other emerging and fast-growth markets including India, Africa and Central Asia.
Nicola Buonanno, VP Southern EMEA at Chainalysis, said “The UAE market is at a tipping point, with
institutional-sized transfers now accounting for the lion’s share of the country’s crypto activity. The
need for our investigation, compliance, market intelligence and data solutions is greater than ever.
The inauguration of our regional headquarters in Dubai, UAE signals our commitment to delivering not
only the technologies, but the knowledge and support local entities need to capitalise on this
tremendous opportunity.”