Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) of the UAE’s capital, has signed a MoU with Chainlink to advance compliant tokenisation frameworks.

The partnership will leverage Chainlink’s expertise to support projects under ADGM’s Registration Authority, focusing on regulatory compliance and the utility of tokenised assets.

Chainlink provides blockchain interoperability and verifiable data solutions, facilitating liquidity and supporting transactions exceeding US$19 trillion.

Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, stated,

“By collaborating with Chainlink, we are aiming to set a global benchmark that spearheads transparency, security, and trust across the blockchain space.”

The MoU outlines discussions on regulatory matters related to blockchain, AI, and emerging technologies.

It also includes plans for events and workshops to educate the UAE’s ecosystem on tokenisation, cross-chain interoperability, proof of reserves, and blockchain standards.

Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive Officer at Chainlink Labs Abu Dhabi, said,

“We are excited to see projects under the purview of ADGM Registration Authority adopt the Chainlink standard, enabling seamless compliance, enhanced connectivity across markets, and highly secure on-chain services.”

This partnership reinforces ADGM’s role in fostering blockchain innovation within a regulated framework.

ADGM’s Distributed Ledger Technology (DLT) Foundations Regulations establish principles for blockchain adoption, enabling decentralised projects to operate within a secure and interoperable environment.

Featured image credit: edited from freepik