ADGM, the UAE capital's International Financial Centre, has signed a Memorandum of Understanding (MoU) with Chainlink. This agreement aims to further develop compliant tokenization frameworks.

This partnership follows Ripple's announcement of its collaboration with Chainlink to integrate Ripple's RLUSD stablecoin into decentralized finance (DeFi) applications.

Chainlink Joins ADGM for Blockchain Regulation

Angie Walker, Chainlink, Source: LinkedIn
Angie Walker, Chainlink, Source: LinkedIn

The MoU allows Chainlink to offer its technical expertise and services to support projects under ADGM’s Registration Authority. This will help maximize the potential of tokenized assets while ensuring compliance with regulations.

Chainlink is known for its blockchain interoperability and verifiable data solutions, which support liquidity across global markets. With over USD19 trillion in transaction value, its services are trusted by major financial institutions. This collaboration aligns with ADGM’s goal to promote innovation, connectivity, and a global approach to blockchain regulation.

“ADGM has developed a robust environment where tokenization projects can thrive. Our alliance will elevate the blockchain ecosystem in the UAE, driving greater innovation and adoption,” Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive Officer at Chainlink Labs Abu Dhabi, commented.

Chainlink and ADGM Host Blockchain Events

The agreement also includes initiatives to facilitate discussions on blockchain, AI, and emerging technologies. A series of events and workshops will be held to educate the UAE ecosystem on topics like tokenization, cross-chain interoperability, proof of reserves, and blockchain standards.

Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority said: “By collaborating with Chainlink, we are aiming to set a global benchmark that spearheads transparency, security, and trust across the blockchain space.”

Source: Finance Magnates