ADGM & Solana Foundation to advance DLT solutions, blockchain innovation

  • Date: 08-Feb-2024
  • Source: GCC Business News
  • Sector:Financial Services
  • Country:UAE
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ADGM & Solana Foundation to advance DLT solutions, blockchain innovation

Abu Dhabi Global Market (ADGM), a leading International Financial Centre (IFC), has signed a Memorandum of Understanding (MoU) with the Solana Foundation, a non-profit organization dedicated to the decentralization, adoption, and security on the Solana network. This significant partnership is dedicated to enhancing Distributed Ledger Technology (DLT) solutions and advancing blockchain innovation. The initiative aligns […]Abu Dhabi Global Market (ADGM), a leading International Financial Centre (IFC), has signed a Memorandum of Understanding (MoU) with the Solana Foundation, a non-profit organization dedicated to the decentralization, adoption, and security on the Solana network.

This significant partnership is dedicated to enhancing Distributed Ledger Technology (DLT) solutions and advancing blockchain innovation.

The initiative aligns with ADGM’s strategic vision of becoming a central hub for technology-driven financial services, following the introduction of the DLT Foundations Regulations, a world-first, purpose-built framework for Blockchain Foundations and Decentralized Autonomous Organizations.

Hamad Al MazroueiCEOADGM Registration Authority

“Our strategic alliance with the Solana Foundation marks a key milestone in cementing ADGM’s leadership in the blockchain sector and represents a direct reflection of the effectiveness of our DLT Foundations Framework and our commitment to the growth and the development of the blockchain sector. We are excited to partner with Solana to pioneer the future of