Abu Dhabi’s financial free zone signs a memorandum of understanding with a series of distinguished symbol frameworks

Abu Dhabi International Market (ADGM), a financial area of ​​more than $ 635 billion of management assets, Fell Memorandum of Understanding (Memorandum of Understanding) with a step chain in a step to link the traditional world of financing with Blockchain data.

ADGM said in the March 24 advertisement that the agreement will allow ADGM to use ChainLink tools set, such as data feeding and inter -operating technology. The partnership also aims to encourage more discussion about Blockchain, artificial intelligence and other emerging technologies in the region.

ADGM, which was opened in 2015, is in the UAE free zone. It operates under its civil and commercial legal system, based on the English general law. ADGM is designed to support Abu Dhabi’s status as a financial center, a major role in attracting international companies and expanding the city’s financial services sector.

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By the end of 2024, Adgm Hover 134 assets and fund managers oversee 166 boxes. The total number of financial institutions operating in their competence has risen to 275, with 79 new companies, including prominent names such as Blackrock, PGIM and Morgan Stanley.

Related to: What is chainlink, and how it works?

The United Arab Emirates sees the high adoption of encryption

Multiple standards show that the adoption of cryptocurrency in the United Arab Emirates is increasing, with the help of government openness to emerging technology. He saw the country a 41 % increase in encryption application downloads in 2024 From 2023, and It ranked third out of 28 countries In the Henley Crypto 2024 accreditation index.

Abu Dhabi was in particular a hot point for encryption companies. In December 2024, the ADGM Financial Regulatory Authority officially recognized USDT (USDT) Stablecoin As an acceptable hypothetical originPaving the way for the integrated currency in the local financial ecosystem.

On March 12, Binance announced that MGX, an investment company based in Abu Dhabi, had it Invest $ 2 billion on the stock exchangeOne of the largest financing deals in the history of industry.

Dubai, the other emirate in the United Arab Emirates, showed itself open to cryptocurrencies. In February, Dubai USDC approved (USDC) And EURC As the first two stablecoins under its system.

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