ADGM, the UAE capital’s Worldwide Monetary Centre, has
signed a Memorandum of Understanding (MoU) with Chainlink. This settlement goals
to additional develop compliant tokenization frameworks.
This partnership follows Ripple’s announcement of its
collaboration with Chainlink to combine Ripple’s RLUSD stablecoin into
decentralized finance (DeFi) purposes.
Chainlink Joins ADGM for Blockchain Regulation
The MoU permits Chainlink to supply its technical experience
and companies to assist tasks underneath ADGM’s Registration Authority. It will
assist maximize the potential of tokenized property whereas making certain compliance with
rules.
Chainlink is understood for its blockchain interoperability and
verifiable knowledge options, which assist liquidity throughout international markets. With
over USD19 trillion in transaction worth, its companies are trusted by main
monetary establishments. This collaboration aligns with ADGM’s purpose to advertise
innovation, connectivity, and a world strategy to blockchain regulation.
“ADGM has developed a sturdy atmosphere the place
tokenization tasks can thrive. Our alliance will elevate the blockchain
ecosystem within the UAE, driving higher innovation and adoption,” Angie
Walker, World Head of Banking and Capital Markets at Chainlink Labs and Senior
Government Officer at Chainlink Labs Abu Dhabi, commented.
🚨 ADGM & CHAINLINK PARTNER TO SET GLOBAL BLOCKCHAIN STANDARDSAbu Dhabi World Market (ADGM), the main Worldwide Monetary Centre (IFC) within the UAE, has signed an MoU with #Chainlink to advance compliant tokenization frameworks.This partnership leverages Chainlink’s… pic.twitter.com/bqJr1waona
— Cult of Blockchain (@BlockchainCult) March 24, 2025
Chainlink and ADGM Host Blockchain Occasions
The settlement additionally consists of initiatives to facilitate
discussions on blockchain, AI, and rising applied sciences. A sequence of occasions
and workshops might be held to coach the UAE ecosystem on subjects like
tokenization, cross-chain interoperability, proof of reserves, and blockchain
requirements.
Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority
stated: “By collaborating with Chainlink, we’re aiming to set a world
benchmark that spearheads transparency, safety, and belief throughout the
blockchain area.”
This text was written by Tareq Sikder at www.financemagnates.com.