RockawayX Opens UAE HQ, Launches Solana City Hub
RockawayX, a global venture capital firm supporting Web3 innovators, has officially launched its UAE headquarters. In addition, it unveiled Solana City, a new co-working and ecosystem hub designed to position Dubai as a world leader in blockchain technology.
The decision to establish operations in the UAE was a strategic one. Since the country boasts the highest crypto penetration globally with over 30% of the population, or 3 million people, owning crypto RockawayX sees enormous potential. Moreover, Viktor Fischer, CEO of RockawayX and a former McKinsey associate partner, stressed that Dubai is poised to surpass Europe and rival the United States as a major blockchain hub. He pointed to forward-thinking regulations, rapid infrastructure growth, and unmatched crypto adoption as key reasons driving the move.
Furthermore, Fischer, an alumnus of HEC Paris and INSEAD, emphasized that the UAE offers the perfect environment for the next decade of Web3 innovation. Thus, the launch of the UAE headquarters marks RockawayX’s strong commitment to long-term regional growth.
Solana City: Building the Future of Blockchain
Solana City will open in Q East, a landmark in Dubai’s evolving technology landscape. Notably, the project aims to mirror the success of Dubai’s sector-specific clusters in media, healthcare, and fintech. Therefore, Solana City promises to deliver state-of-the-art facilities with innovation at its core.
Alex Scott from Superteam Middle East welcomed the initiative. He highlighted that it would provide critical infrastructure needed for the region’s blockchain ecosystem. Initially, Solana City will offer 48 units, although plans are in place to expand tenfold. Consequently, it is expected to become a vital hub for blockchain builders, funders, and founders.
Over the past year, RockawayX has steadily built a local presence. It relocated senior leadership and engineering teams from Europe, hired regional professionals, and invested more than $3 million locally. Today, with a 10-person team based permanently in Dubai, the firm is firmly rooted in one of the world’s fastest-growing crypto economies.
Strengthening Blockchain Infrastructure Globally
Globally, RockawayX operates bare-metal servers supporting 54 Proof-of-Stake blockchains. In fact, it ranks as the top Ethereum validator on several rated networks. Additionally, it runs GPU servers for zero-knowledge proof generation and maintains snapshot infrastructure to ensure validators can quickly rejoin congested networks.
The firm’s partnerships with industry leaders like Binance, Bybit, A16z Crypto, Solana, and Wormhole further amplify its reach. Already, RockawayX’s regional activity includes major investments in Squads, a multi-signature wallet platform, and Exponent, a fast-growing DeFi protocol.
Ultimately, RockawayX’s expansion into Dubai aligns perfectly with the UAE’s national priorities: blockchain innovation, artificial intelligence development, and sustainability. Thanks to crypto-friendly regulations and deep-tech enthusiasm, the UAE offers unmatched conditions for companies leading the future of Web3.
