ADGM Teams Up with Chainlink to Help Businesses in UAE

Abu Dhabi Global Market (ADGM), the fiscal hub of the UAE’s superior has teamed up with Chainlink, a well-known blockchain company, to bring tokenization into the mainstream portion keeping everything ineligible and secure. Both parties person signed a Memorandum of Understanding (MoU) to get things started

This is simply a large woody arsenic Chainlink’s exertion is already trusted worldwide. It handles implicit $19 trillion successful transactions. Now, with ADGM’s regulatory expertise, they program to marque blockchain much accessible. 

According to the press release, the thought is to acceptable a planetary modular for integer finance, making it easier for businesses to tokenize assets and usage blockchain successful a unafraid way.

Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, said this concern is an important measurement successful making ADGM a planetary person successful blockchain regulation.

“By collaborating with Chainlink, we are aiming to acceptable a planetary benchmark that spearheads transparency, security, and spot crossed the blockchain space,” helium explained.

As portion of the deal, ADGM and Chainlink volition besides signifier workshops and events to thatch businesses and investors much astir blockchain, artificial quality (AI), and different caller technologies. These sessions volition screen important topics similar cross-chain interoperability (how antithetic blockchains tin communicate), impervious of reserves (ensuring assets are existent and verifiable), and caller blockchain standards.

Angie Walker, Global Head of Banking and Capital Markets astatine Chainlink Labs, praised ADGM for creating an situation wherever blockchain projects tin thrive. “Our confederation volition elevate the blockchain ecosystem successful the UAE, driving greater innovation and adoption,” she said. She besides hinted that projects nether ADGM’s guidance volition commencement utilizing Chainlink’s exertion to guarantee compliance and security.

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