RockawayX, a global venture capital firm headquartered in Prague and dedicated to supporting Web3 entrepreneurs, has officially announced the opening of its UAE headquarters. In addition, the firm has launched Solana City in Dubai — a collaborative workspace designed to cement the city’s status as a global leader in blockchain innovation.
The move to establish a UAE base was a strategic decision, driven by the country’s rapid adoption of cryptocurrency. With approximately 30% of its population — nearly three million people — owning crypto assets, the UAE boasts one of the highest crypto adoption rates globally.
Viktor Fischer, CEO of RockawayX, emphasized Dubai’s potential to outpace Europe and challenge the United States as a primary blockchain hub.
“With forward-thinking regulation, infrastructure built for speed and scalability, and crypto adoption rates exceeding 30%—the highest globally — Dubai offers exactly the environment needed for the next decade of Web3 innovation,”
said Fischer, a former McKinsey associate partner and graduate of HEC Paris and INSEAD.
Solana City, located in the emerging Q East technology district of Dubai, will provide cutting-edge facilities for blockchain developers, entrepreneurs, and investors.
Alex Scott of Superteam Middle East expressed strong support for the initiative:
“Dubai has firmly established itself as a global hub for blockchain innovation. I’m excited to support RockawayX on the Solana City project, a bold venture providing essential infrastructure for scaling the local blockchain ecosystem, benefiting both Solana and the broader economy.”
The launch of the UAE headquarters follows a year of groundwork, during which RockawayX relocated senior leadership and engineering teams from Europe, recruited local talent, and invested over $3 million into the region. Today, the Dubai office houses a permanent team of ten professionals, strengthening RockawayX’s presence in one of the world’s fastest-growing crypto markets.
Managing over $2 billion in assets, RockawayX is evolving under Fischer’s leadership into a regional powerhouse akin to Galaxy Digital — blending venture capital, technical expertise, and infrastructure services.
At the heart of RockawayX’s UAE strategy is Solana City, envisioned as a major hub for blockchain innovation. The project will initially offer 48 units, with ambitious plans for future expansion. Modeled after Dubai’s specialized clusters in media, healthcare, and fintech, Solana City aims to foster cross-industry collaborations.
RockawayX’s regional investments already include projects such as Squads, a multi-signature wallet platform on Solana, and Exponent, a rising decentralized finance protocol.
On the international front, RockawayX supports 54 Proof-of-Stake blockchains through dedicated servers, holds the top Ethereum validator rank on rated networks, and operates advanced GPU servers for zero-knowledge proof computations. The firm’s infrastructure also enables fast validator recovery during network congestion.
Strategic partnerships with major players like Binance, Bybit, A16z Crypto, Solana, and Wormhole — where RockawayX is one of 19 global guardians — bolster its capabilities in liquidity provision, blockchain infrastructure, and distribution.
With these developments, RockawayX is firmly positioning itself at the forefront of blockchain innovation in the Middle East and beyond.
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