The UAE’s worldwide monetary middle, Abu Dhabi International Market (ADGM), has entered right into a strategic alliance with Chainlink crypto, a blockchain oracle options supplier, to advance blockchain innovation and regulatory frameworks.
By way of this collaboration, each ADGM and
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hope to ascertain international requirements for blockchain practices, develop compliant tokenization frameworks, and improve the utility of tokenized belongings.
A Memorandum of Affiliation (MoU) was formally signed and announced on 24 March 2025. The settlement will assist ADGM acquire entry to Chainlink’s suite of blockchain instruments, together with its knowledge feed and interoperability companies. Each events additionally intention to facilitate discussions on regulatory issues regarding blockchain expertise. The partnership additionally has an academic angle, whereby ADGM and Chainlink crypto plan on educating the UAE’s ecosystem on rising applied sciences via workshops on subjects relating to tokenization, cross-chain interoperability, and proof of reserves.
Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, mentioned, “This strategic alliance is a major step in additional solidifying ADGM’s management in enabling blockchain innovation and enhancing alignment within the regulatory method globally.”
By leveraging Chainlink’s technical experience and superior companies, the partnership goals to maximise the potential of tokenized belongings whereas guaranteeing regulatory compliance, which in flip may even considerably enhance the utility of tokenized belongings throughout the UAE.
We’re excited to announce that @ADGlobalMarket—Abu Dhabi’s premier worldwide monetary middle—and Chainlink have solid an alliance.
The alliance will maximize the utility of tokenized belongings within the UAE whereas guaranteeing regulatory compliance.https://t.co/oYwl96NSXI pic.twitter.com/OpJ4CCW5wP
— Chainlink (@chainlink) March 24, 2025
The initiatives outlined beneath the MoU align with ADGM’s broader technique to drive innovation and set up a world method in direction of the regulation of the blockchain ecosystem.
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Development and Market Implications of Chainlink Crypto within the UAE
Chainlink crypto has had a good week. It gained over 12% and noticed its market cap rise previous $10.12 billion, solidifying its rating as eleventh within the crypto rankings.
ADGM and Chainlink’s partnership has created constructive waves within the crypto panorama, significantly relating to Chainlink’s native token LINK and its potential to rally as much as 200% within the aftermath of the announcement.
Since final yr, Chainlink has been making massive strikes within the UAE. Chainlink Labs, one of many main contributing builders of Chainlink, formally expanded and arrange an workplace in Abu Dhabi in December final yr beneath the Registration Authority (RA) of ADGM.
Only a day later, through the Abu Dhabi Finance Week (ADFW), Chainlink was introduced because the fifth council member of Emirates NBD’s Digital Asset Lab together with different founding members, together with PwC, Fireblocks, R3, and Chainanalysis.
For the uninitiated, Emirates NBD is a banking group with its operations unfold throughout the Center East, North Africa, and Türkiye (MENAT) area. Chainlink and Emirates NBD signed an MoU to advance Emirates NBD’s Digital Asset Lab’s mission to create revolutionary options in digital finance.
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Broader Context of Crypto Adoption within the UAE
Cryto.com’s UAE head, Mohammed Al-Hakim, summarized in his assertion, “It is possible for you to to do extra with cryptocurrency than with Dirham and Greenback.”
Within the final couple of years, the UAE has seen a growth in crypto adoption. The area noticed a 41% increase in crypto app downloads in 2024 in comparison with the earlier yr.
Dubai and Abu Dhabi have each turn out to be hotspots for crypto companies, with numerous crypto-forward insurance policies and venture bulletins which have made the UAE a world chief within the crypto area.
A number of crypto-forward tasks are at present underway within the UAE.
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is working with the authorities within the UAE to implement Web3 tasks throughout the UAE’s public sector, whereas actual property tokenization tasks are in full swing, led by corporations equivalent to Tether. The area additionally noticed the most important ever funding made in crypto as MGX, a UAE-based AI and superior expertise investor, invested $2 billion in Binance, fully in stablecoins.
Mastercard, too, has entered the fray, increasing their crypto options within the UAE, whereas major crypto exchanges are partnering up with conventional monetary our bodies within the UAE to increase their operations within the Center East.
Stablecoins just like the USDC had been additionally amongst the primary to be acknowledged and operationalized within the UAE.
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Key Takeaways
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ADGM and Chainlink partnered to develop compliant tokenization frameworks and international blockchain requirements. -
The collaboration goals to boost tokenized asset utility and drive blockchain innovation within the UAE. -
The UAE noticed a 41% enhance in crypto app downloads in 2024 in comparison with the earlier yr
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