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CoinGape 2025-03-24 18:10:34

Chainlink Teams Up With Abu Dhabi’s ADGM To Promote Tokenization In The UAE

Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, has entered into a formal collaboration with Chainlink, a leading provider of blockchain infrastructure services. The agreement, structured through a Memorandum of Understanding (MoU), will support the development of compliant frameworks for tokenized assets. This partnership will expand blockchain adoption and promote regulatory dialogue within the UAE and globally. Chainlink and ADGM Sign MoU to Build Compliant Tokenization Frameworks As noted in the press release , Chainlink and ADGM have inked an MoU that would thus cover the promotion of tokenization frameworks that meet regulatory standards. Both parties will help each other to deliver an environment that ensures secure and legal tokenization of assets in the financial markets. As part of the collaboration, ADGM will be able to gain Chainlink’s blockchain services, such as the verified data, interfacing solutions, and proof-of-reserve solutions. These tools will improve connectivity between on-chain and off-chain systems and support the growth of scalable digital asset environment. The agreement outlines a plan to host educational workshops and events in the UAE. These sessions will address core topics including cross-chain infrastructure, AI integration, and the application of blockchain in financial services. The focus will be on building knowledge and regulatory clarity within the regional blockchain ecosystem. Advancing Blockchain Innovation Through Chainlink Tools Chainlink has been recognized for its extensive suite of services supporting secure blockchain integration. The platform has enabled over USD19 trillion in transaction value globally and is used by major financial institutions to facilitate secure transactions. With this partnership, ADGM will utilize Chainlink’s technology to promote innovation within its regulated environment. Chainlink’s tools are expected to enhance liquidity, interoperability, and data transparency across digital markets operating under ADGM’s jurisdiction. This initiative also complements ADGM’s efforts to support decentralized technologies through established legal and regulatory structures. The market has already introduced Distributed Ledger Technology (DLT) regulations to offer guidance to blockchain-based projects. Meanwhile, amid the growing blockchain adoption, the European Central Bank (ECB) is exploring a blockchain-based payment system to process central bank money transactions. Regulatory Collaboration Under the MoU, Chainlink and ADGM will engage in discussions surrounding regulatory practices for blockchain, AI, and emerging technologies. These discussions will support the establishment of industry-wide standards and best practices for blockchain implementation. In addition, the partnership includes a schedule of educational programs to enhance tokenization, proof-of-reserves, and cross-chain operations. These initiatives will target participants across the UAE’s financial ecosystem. Following the collaboration, LINK price surged, reaching $15 with a 5.74% increase in the past 24 hours. The trading volume also spiked by 79.46%, hitting nearly $399 million, reflecting renewed investor interest. The post Chainlink Teams Up With Abu Dhabi’s ADGM To Promote Tokenization In The UAE appeared first on CoinGape .

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