Abu Dhabi Global Market partners with Chainlink to enhance blockchain adoption and establish regulatory standards for tokenization.
A New Era of Blockchain Adoption
The partnership between ADGM and Chainlink was formalized through a Memorandum of Understanding. This agreement will enable ADGM's Registration Authority to leverage Chainlink's expertise and services to develop compliant blockchain-based solutions.
Enhancing Tokenization and Regulatory Compliance
The partnership focuses on developing regulatory frameworks for tokenization of real-world assets on the blockchain, potentially transforming financial markets through increased liquidity and reduced transaction costs.
Workshops and Regulatory Discussions
As part of the collaboration, ADGM and Chainlink will host educational events focusing on key blockchain issues, such as cross-chain interoperability, proof of reserves, and defining blockchain regulatory standards.
The partnership between ADGM and Chainlink will strengthen UAE's position as a blockchain innovation leader, promoting institutional adoption and establishing standardized frameworks for tokenized assets.
