ADGM introduces the world’s first DLT Foundations Regime

ADGM introduces the world’s first DLT Foundations Regime

Image: ADGM

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has officially released the Distributed Ledger Technology (DLT) Foundations Regulations 2023.

This is a key step in the evolution of digital assets regulatory frameworks across the region and at an international level.

This newly implemented legislative structure is designed to provide a comprehensive framework for DLT Foundations and decentralised autonomous organisations (DAOs), enabling them to operate and issue tokens recognising the unique needs of the blockchain industry.

This new regime comes in line with ADGM’s strategy to foster initiatives in the broader blockchain and digital asset realm.

By setting a global benchmark as the world’s first of its kind, this regulatory framework is designed to be suitable for blockchain foundations, Web3 entities, DAOs, and traditional foundations seeking to enhance their operations through DLT.

It is poised to revolutionise the industry by providing a unified solution for the needs of digital asset-related activities and the broader foundations landscape, providing the path toward a more transparent and efficient future.

ADGM’s DLT Foundations Regime offers an effective means to organise and promote governance whilst recognising the industry’s need for decentralisation.

The regime’s enactment followed a public consultation with DLT industry participants to obtain