Chainlink partners with ADGM to explore blockchain regulation
Chainlink agrees to collaborate with UAE crypto regulator
The Abu Dhabi Global Market (ADGM), an international financial center, has signed a memorandum of understanding (MoU) with Chainlink to explore blockchain regulation, tokenization, and emerging technologies.
The agreement aims to support blockchain projects registered within ADGM by granting them access to Chainlink’s infrastructure and expertise. It also includes plans for educational events on topics such as cross-chain interoperability and proof of reserves.
Bridging traditional and crypto finance
The partnership’s goal is to help develop regulatory standards for blockchain and artificial intelligence applications. These efforts may establish guidelines for the creation, transfer, and management of digital assets while ensuring compliance with financial regulations.
“This partnership will help shape global regulatory approaches and build trust in blockchain systems,” said Hamad Sayah Al Mazrouei, CEO of ADGM’s Registration Authority.
Since its inception, Chainlink has enabled over $19 trillion in transaction value through its data and blockchain connectivity services. These services allow different blockchain networks to communicate and exchange data, and are widely used by financial institutions to verify and secure blockchain transactions.
As we wote, Ripple has partnered with Chainlink, a decentralized oracle network, to boost the adoption and utility of its Ripple USD (RLUSD) stablecoin in decentralized finance (DeFi) applications.
