In a move that signifies the growing intersection of finance and technology, Abu Dhabi Global Market (ADGM), a premier International Financial Centre (IFC), has entered into a Memorandum of Understanding (MOU) with the Solana Foundation, a non-profit entity committed to fostering decentralization, adoption, and security across the Solana network. This partnership marks a significant step forward in enhancing Distributed Ledger Technology (DLT) solutions and propelling blockchain innovation forward.
A Milestone for Blockchain and Financial Services ADGM’s strategic vision to position itself as a central hub for technology-driven financial services receives a substantial boost with this collaboration. Following its pioneering introduction of the DLT Foundations Regulations—a first-of-its-kind, tailored framework designed for Blockchain Foundations and Decentralised Autonomous Organisations—the partnership with the Solana Foundation is poised to expand ADGM’s offerings further. This initiative promises to explore joint ventures and projects aimed at nurturing the blockchain company ecosystem within Abu Dhabi, signaling a new era of innovation and growth in the region. Source: Metaverse Insider
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