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Chainlink Crypto and ADGM Partner Up To Shape the Future of Tokenized Assets in the UAE
- Abu Dhabi Global Market (ADGM) has partnered with Chainlink crypto to advance blockchain innovation and regulatory frameworks in the UAE.
- The alliance aims to establish global standards for blockchain practices and develop compliant tokenization frameworks.
- Through a Memorandum of Association signed, ADGM gains access to Chainlink’s blockchain tools and aims to educate on emerging technologies.
- The partnership focuses on maximizing the potential of tokenized assets while ensuring regulatory compliance.
- Chainlink saw positive growth following the alliance, with its market cap exceeding $10.12 billion and gaining over 12%.
- Chainlink expanded its presence in the UAE last year, making significant moves in the region's crypto landscape.
- The UAE has witnessed a surge in crypto adoption, with Dubai and Abu Dhabi becoming crypto hotspots.
- Numerous crypto projects are ongoing in the UAE, including Web3 initiatives, real estate tokenization, and major investments in stablecoins.
- Mastercard has extended its crypto offerings in the UAE, and traditional financial bodies are partnering with crypto exchanges in the Middle East.
- Stablecoins like USDC have been recognized and operationalized in the UAE, reflecting the region's growing interest in crypto.
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