Chainlink partners with ADGM to explore blockchain regulation

Abu Dhabi International Market has signed a Memorandum of Understanding with Chainlink to discover blockchain regulation, tokenization, and rising applied sciences.

The settlement will help blockchain initiatives registered with Abu Dhabi International Market by offering entry to Chainlink’s infrastructure and experience. It additionally consists of plans for instructional occasions on subjects like cross-chain interoperability and proof of reserves.

The partnership goals to set regulatory requirements for blockchain and synthetic intelligence. This might assist set up guidelines for the way digital belongings are created, transferred, and managed whereas guaranteeing compliance with monetary rules.

Abu Dhabi International Market is a global monetary middle within the United Arab Emirates that regulates monetary providers and digital belongings. Chainlink (LINK) is a blockchain firm that helps join real-world knowledge to sensible contracts, that are self-executing agreements on a blockchain.

Tokenization refers to changing real-world belongings, similar to shares or actual property, into digital tokens that may be traded on a blockchain.

Chainlink has facilitated over $19 trillion in transactions by offering knowledge and blockchain interoperability providers. These providers enable totally different blockchain networks to speak and share knowledge. Many monetary establishments use Chainlink’s know-how to confirm and safe blockchain transactions.

Hamad Sayah Al Mazrouei, CEO of ADGM’s Registration Authority, mentioned the partnership would assist form international regulatory approaches and promote belief in blockchain techniques.

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Tokenization and interoperability

As a part of the MoU, ADGM and Chainlink will arrange workshops and discussions on tokenization, interoperability, and rising blockchain requirements. These efforts purpose to teach companies and regulators about blockchain’s potential advantages and dangers.

ADGM goals to be a worldwide hub for blockchain innovation by establishing regulatory frameworks for decentralized ledger know-how and collaborating with Chainlink to create a compliant and scalable ecosystem for digital belongings and DeFi.

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