The Abu Dhabi Global Market (ADGM) has joined forces with Chainlink to investigate blockchain governance, tokenization, and other innovative technologies.
They are also organizing seminars on subjects such as “proof of reserve” and how diverse blockchains can function in unison. Furthermore, the arrangement seeks to assist blockchain ventures registered in Abu Dhabi by granting them access to Chainlink’s proficiency and instruments.
This collaboration is centered on determining the benchmark for how AI and blockchain are governed. It will aid in the creation of guidelines for administering, transmitting, and originating digital assets while guaranteeing that everything adheres to financial regulations.
Chainlink has enabled over $19 trillion in dealings by delivering blockchain interoperability and data utilities. These utilities enable disparate blockchain networks to exchange data and interact. Numerous monetary establishments employ Chainlink’s technology to safeguard and authenticate blockchain dealings. Chainlink (LINK) is a blockchain enterprise concentrated on connecting real-world data to smart contracts, which are automatically executed agreements on the blockchain. The Abu Dhabi Global Market is a global monetary hub in the United Arab Emirates that governs digital assets and monetary utilities.
Tokenization is the method of transforming real-world assets, such as real estate or stocks, into digital tokens that can be exchanged on a blockchain.
Hamad Sayah Al Mazrouei, the CEO of ADGM Registration Authority, anticipates this partnership will enhance confidence in blockchain systems and mold how regulations are approached globally. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
As a component of the agreement, ADGM and Chainlink will be hosting seminars and discussions on novel blockchain benchmarks, interoperability, and tokenization.
These actions are created to aid both firms and supervisors in understanding the possible advantages and dangers of blockchain technology.
The Abu Dhabi Global Market (ADGM) seeks to become a worldwide center for blockchain innovation. In partnership with Chainlink, it is constructing a regulatory structure for distributed ledger technology to develop a scalable and compliant ecosystem for digital assets and DeFi.
