The Stacks Asia DLT Foundation has officially registered with the Abu Dhabi Global Market (ADGM), marking another milestone in the UAE’s growing blockchain ecosystem.
Stacks’ Expansion and Strategic Vision
Stacks, the leading Bitcoin Layer-2 platform for decentralized applications and smart contracts, has been making significant strides in global expansion. Earlier, the platform launched the Stacks Asia Foundation, securing $15 million from private Stacks holders to drive adoption in key markets such as Korea, Hong Kong, Singapore, Japan, Southeast Asia, and the UAE. With its registration in ADGM, Stacks further cements its commitment to fostering blockchain development and strengthening ties with regional players, including infrastructure providers, developers, and investors.
ADGM’s Growing Blockchain Ecosystem
Over the past 13 months, ADGM has attracted numerous blockchain protocols, solidifying its reputation as a regulatory leader in the digital asset space. Notable names that have registered their DLT Foundations or operating entities within ADGM include TON, Solana, KAIA, Chainlink, and IOTA. Stacks now joins this growing list, benefiting from ADGM’s comprehensive regulatory framework designed to support blockchain innovation while ensuring compliance and investor protection.
ADGM’s Pioneering DLT Foundations Regime
In November 2023, ADGM introduced the world’s first DLT Foundations Regime, offering blockchain projects a structured legal and operational framework. Since its launch, major industry players have recognized its significance. The IOTA Foundation was one of the first to register under this regime, followed by the TON Foundation. The success of these initiatives has further encouraged blockchain projects to establish their presence in Abu Dhabi.
Stacks’ registration in ADGM underscores the UAE’s commitment to becoming a global blockchain leader. With an increasing number of high-profile blockchain foundations selecting ADGM as their regulatory base, the region continues to attract innovators seeking a secure and supportive environment.
