Abu Dhabi's ADGM and Chainlink Partner to Advance Tokenization, Facilitating $20 Trillion in Transactions

Abu Dhabi Global Market (ADGM), the UAE's premier international financial center, has entered into a strategic alliance with Chainlink, a leading blockchain oracle network. The partnership aims to advance compliant tokenization frameworks within the UAE, leveraging Chainlink's technical expertise and industry experience to maximize the utility of tokenized assets while ensuring regulatory compliance.

The collaboration will support innovative projects under ADGM's Registration Authority, utilizing Chainlink's oracle infrastructure, including Price Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve (PoR). These services have facilitated over $20 trillion in transaction value globally and are used by major financial institutions. Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, and Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive Officer at Chainlink Labs Abu Dhabi, have both emphasized the significance of this partnership in driving blockchain innovation and adoption.

The agreement includes plans for educational events and workshops throughout the UAE to discuss topics such as tokenization, interoperability, and proof of reserves. Additionally, the partnership will foster a dialogue on regulatory matters related to blockchain, AI, and other emerging technologies, aiming to set a global benchmark for transparency, security, and trust in the blockchain space.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.