ADGM and Chainlink Collaborate on Blockchain Frameworks

According to CoinDesk, the Abu Dhabi Global Market (ADGM), an international financial center in the UAE capital, has entered into a memorandum of understanding with Chainlink. This collaboration aims to develop compliant frameworks for tokenized assets, marking a significant step in fostering blockchain innovation. The agreement grants ADGM access to Chainlink's comprehensive suite of blockchain tools, including data feeds and interoperability services, under the guidance of its Registration Authority. Chainlink, known for its extensive blockchain solutions, has facilitated over $20 trillion in transaction value globally, serving major financial market institutions. The partnership will also involve regulatory discussions on blockchain, artificial intelligence, and other emerging technologies. Additionally, a series of educational events will be organized to enhance the understanding of the UAE's financial ecosystem. These events will cover crucial topics such as tokenization, proof of reserves, and cross-chain infrastructure, which are essential components of regulated digital asset markets. Hamad Sayah Al Mazrouei, CEO of ADGM’s Registration Authority, emphasized the importance of this collaboration, stating, "By collaborating with Chainlink, we are aiming to set a global benchmark that spearheads transparency, security, and trust across the blockchain space." This partnership reflects a strategic move to position ADGM as a leader in the blockchain sector, promoting innovation and regulatory compliance in the rapidly evolving digital asset landscape.