Chainlink partners with ADGM to explore blockchain regulation

Abu Dhabi Global Market signed a memorandum of understanding with Chainlink to explore the regulation of blockchain, tokenization and emerging technologies.

THE agreement Will support the blockchain projects recorded with Abu Dhabi Global Market by giving access to the infrastructure and expertise of Chainlink. It also includes plans for educational events on subjects such as transversal interoperability and proof of reservations.

The partnership aims to establish regulatory standards for blockchain and artificial intelligence. This could help establish rules on how digital assets are created, transferred and managed while guaranteeing compliance with financial regulations.

Abu Dhabi Global Market is an international financial center for the United Arab Emirates that regulate financial services and digital assets. Chailink (LINK) is a blockchain company that helps connect the real world data to intelligent contracts, which are self-executing agreements on a blockchain.

Tokenization Referring to the conversion of active worlds realLike actions or real estate, in digital tokens that can be exchanged on a blockchain.

ChainLink facilitated more than 19 billions of dollars in transactions by providing data and Interoperability blockchain services. These services allow different blockchain networks to communicate and share data. Many financial institutions use ChainLink technology to check and secure blockchain transactions.

Hamad Sayah Al Mazrouei, CEO of the ADGM registration authority, said the partnership would help shape global regulatory approaches and promote confidence in blockchain systems.

Tokenization and interoperability

As part of the memorandum of understanding, ADGM and Chainlink will organize workshops and discussions on tokenization, interoperability and emerging standards of the blockchain. These efforts aim to educate businesses and regulators on the advantages and potential risks of blockchain.

The ADGM aims to be a global hub for blockchain innovation by establishing regulatory frameworks for the technology of the great decentralized book and by collaborating with Chainlink to create an compliant and scalable ecosystem for digital and deffi assets.