- Abu Dhabi Global Market (ADGM) has partnered with the Solana Foundation, a nonprofit organization focused on decentralization and security within the Solana network.
- The partnership aims to create an environment where blockchain technology can thrive, encouraging the adoption and advancement of DLT solutions.
- ADGM’s CEO, Muhammad Al Mazrouei, sees this collaboration as a major milestone, emphasizing regulation and compliance for sustainable development.
Abu Dhabi Global Market (ADGM) has been making headlines lately, especially after welcoming IOTA as the first foundation under its Distributed Ledger Technology (DLT) regime. Now, they’re continuing their push for innovation by teaming up with the Solana Foundation, a nonprofit organization focused on decentralization and security within the Solana network.
This partnership is a big deal for ADGM as it solidifies their position as a leading blockchain hub. By joining forces with the Solana Foundation, ADGM aims to create an environment where blockchain technology can thrive. Their goal is to encourage the adoption and advancement of Distributed Ledger Technology (DLT) solutions by leveraging the expertise and resources of organizations like Solana.
Hamad Al Mazrouei, CEO of ADGM Registration Authority, sees this collaboration as a major milestone. He believes it demonstrates ADGM’s commitment to blockchain innovation and the effectiveness of their DLT Foundations Framework. By partnering with Solana, they hope to shape the future of technology while emphasizing the importance of regulation and compliance in ensuring sustainable development.
Lily Liu, President of the Solana Foundation, recognizes the UAE’s role as a global innovation hub for blockchain technology. She sees this partnership as a significant step towards furthering blockchain adoption in the region and advancing Solana’s mission of promoting innovation and security. Together, ADGM and the Solana Foundation aim to drive progress and development in the blockchain industry, particularly in Abu Dhabi and the UAE.
This collaboration underscores ADGM’s proactive approach to building relationships within the blockchain space. It reflects their dedication to driving technological innovation and promoting the growth of cryptocurrency initiatives within the rapidly evolving digital asset industry.