Abu Dhabi Global Market (ADGM), the UAE's premier international financial center, has entered into a strategic alliance with Chainlink, a leading blockchain oracle network. The partnership aims to advance compliant tokenization frameworks within the UAE, leveraging Chainlink's technical expertise and industry experience to maximize the utility of tokenized assets while ensuring regulatory compliance. The collaboration will support innovative projects under ADGM's Registration Authority, utilizing Chainlink's oracle infrastructure, including Price Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve (PoR). These services have facilitated over $20 trillion in transaction value globally and are used by major financial institutions. Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, and Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive Officer at Chainlink Labs Abu Dhabi, have both emphasized the significance of this partnership in driving blockchain innovation and adoption. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
