IOTA becomes the first DLT Foundation registered with ADGM in Abu Dhabi

IOTA becomes the first DLT Foundation registered with ADGM in Abu Dhabi

ABU DHABI– IOTA, the open public goods infrastructure ushering in digital asset innovation, announces its registration as the first Foundation under the DLT Foundations Regulations of Abu Dhabi Global Market (ADGM). This landmark achievement positions IOTA at the forefront of digital and real-world convergence in the financial sector in the region and globally.

IOTA will work alongside ADGM’s authorities to push forward the regulatory landscape and bridge the gap between the real world and the digital one. ADGM has one of the most progressive and responsive regulatory frameworks, making IOTA’s collaboration with ADGM a major stride toward bringing institutional investors and assets into the digital ecosystem.

The IOTA Ecosystem DLT Foundation will be seeded with over $100 million in IOTA tokens, to be vested over the next four years. This funding is earmarked for nurturing the IOTA ecosystem and accelerating the growth of the IOTA protocol. With its community-driven ethos, the Foundation will foster key partnerships in the region to advance the adoption of IOTA and its staging network, Shimmer, across various sectors. The key initiative includes collaboration with institutional investors, governments, and academic institutions for the tokenization of real-world assets and bringing them on-chain, thus bringing billions of dollars