Abu Dhabi Global Market (ADGM), the UAE capital’s international financial center, has signed a memorandum of understanding with Chainlink to collaborate on compliant frameworks for tokenized assets.
The agreement will give ADGM access to Chainlink’s suite of blockchain tools, including data feeds and interoperability services, as it works to foster blockchain innovation under its Registration Authority, according to a press release.
Chainlink has said that its tools have already enabled over $20 trillion in transaction value enabled globally, and are used by major financial market institutions.
Under the memorandum there will also be regulatory discussions around blockchain, artificial intelligence and other emerging technologies, as well as a series of events aimed at educating the UAE’s financial ecosystem. Topics will include tokenization, proof of reserves and cross-chain infrastructure—core components of regulated digital asset markets.
“By collaborating with Chainlink, we are aiming to set a global benchmark that spearheads transparency, security, and trust across the blockchain space,” said Hamad Sayah Al Mazrouei, CEO of ADGM’s Registration Authority.