ADGM and Hacken Form Partnership to Set Blockchain Security Standards

ADGM and Hacken Form Partnership to Set Blockchain Security Standards

Abu Dhabi Global Market (ADGM) and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding (MoU) to collaboratively set new benchmarks for blockchain security and

The post ADGM and Hacken Form Partnership to Set Blockchain Security Standards appeared first on Fintechnews Middle East.Abu Dhabi Global Market (ADGM) and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding (MoU) to collaboratively set new benchmarks for blockchain security and compliance.

This strategic partnership reflects a unique synergy between a regulatory body and a security auditor aimed at establishing a world-leading security assessment standard in the blockchain industry.

Under the MoU, ADGM’s Registration Authority (RA) will collaborate with Hacken on developing security standards and on-chain monitoring solutions in relation to ADGM’s DLT Foundations framework, positioning both organisations at the forefront of fostering a secure blockchain ecosystem. This collaboration not only highlights ADGM’s role in innovating regulatory frameworks but also Hacken’s commitment to advancing blockchain security globally.

Highlights of the MoU include collaboration in the following areas:

Security and Compliance Standards Development.

Advanced DLT Foundation Monitoring Arrangements

Development of AI-Enhanced Monitoring Solutions

Hamad Sayah Al Mazrouei

“At ADGM, we are committed to setting unprecedented global standards in regulatory compliance and security by harnessing