Mar 25, 05:32 AM

Abu Dhabi Global Market Partners with Chainlink to Develop Tokenization Frameworks via Memorandum of Understanding for $635 Billion Financial Hub

The Abu Dhabi Global Market (ADGM), a prominent financial center in the UAE overseeing $635 billion in assets, has entered into a partnership with Chainlink to develop new tokenization frameworks. This collaboration aims to enhance blockchain-based financial infrastructure and maximize the utility of tokenized assets while ensuring regulatory compliance. The partnership, formalized through a Memorandum of Understanding (MoU), is expected to support innovative projects under ADGM’s Registration Authority, leveraging Chainlink’s expertise in areas such as cross-chain interoperability and smart contract security. This initiative reflects a growing trend of integrating traditional finance with blockchain technology in the region.