ADGM and Solana Foundation Announce Strategic Partnership to Advance Blockchain Innovation
Abu Dhabi Global Market (ADGM), a prominent International Financial Centre (IFC), has officially entered into a Memorandum of Understanding (MOU) with the Solana Foundation, a leading non-profit organization dedicated to decentralization, adoption, and security on the Solana network.
This collaboration aims to further enhance Distributed Ledger Technology (DLT) solutions and drive forward blockchain innovation, aligning with ADGM’s vision of becoming a central hub for technology-driven financial services.
The strategic alliance between ADGM and the Solana Foundation signifies a pivotal moment in solidifying ADGM’s position as a leader in the blockchain sector. It underscores the effectiveness of ADGM’s DLT Foundations Framework and its commitment to fostering growth and development within the blockchain industry.
The partnership also underscores ADGM’s dedication to robust regulation and compliance, ensuring sustainable development within the blockchain space.
Hamad Al Mazrouei, CEO of ADGM Registration Authority, expressed enthusiasm about the collaboration, stating, “Our strategic alliance with the Solana Foundation marks a key milestone in cementing ADGM’s leadership in the blockchain sector. We are excited to partner with Solana to pioneer the future of technology and enhance the level of knowledge in the blockchain space.”
I spent the day with the @ADGlobalMarket leadership, and have come away with great optimism about their progressive, consultative approach to regulation.— Lily Liu (@calilyliu) February 7, 2024
I am excited to share that we are collaborating with Abu Dhabi Global Markets to support ecosystem teams in accessing the… pic.twitter.com/MZHEKOKtEm
Lily Liu, President of the Solana Foundation, highlighted the UAE’s position as a global hub for blockchain innovation, emphasizing the importance of collaboration with ADGM in driving blockchain adoption in the region.
This partnership aligns with the Solana Foundation’s mission to foster innovation, security, and widespread adoption on the Solana network in the Middle East.
The collaboration between ADGM and the Solana Foundation aims to encourage industry engagement and feedback, facilitating the evolution of regulatory frameworks and supporting the growth of Abu Dhabi’s blockchain and Web3 ecosystem.