ADGM ties up with Chainlink Labs to boost tokenisation of assets
25 Mar 2025 14:16
A. SREENIVASA REDDY (ABU DHABI)ADGM has signed a memorandum of understanding (MoU) with Chainlink Labs to use advanced standards in tokenisation of assets.Chainlink is a decentralised oracle network that enables smart contracts on blockchain platforms to securely interact with real-world data, APIs, and external systems. It is a sort of bridge between blockchains and the real world. This technology is operated by Chainlink Labs.The MoU will maximise the utility of tokenised assets at ADGM by leveraging Chainlink's technical expertise, industry insights, and a suite of advanced services.In a statement, the ADGM said Chainlink's market-leading services, including blockchain interoperability and verifiable data solutions, are facilitating liquidity across global markets, enabling over $19 trillion in transaction value.Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority said: 'This strategic alliance is a significant step in further solidifying ADGM's leadership in enabling blockchain innovation and enhancing alignment in the regulatory approach globally. By collaborating with Chainlink, we are aiming to set a global benchmark in transparency, security, and trust across the blockchain space.'Under the MoU, ADGM and Chainlink will foster a dialogue on regulatory matters in blockchain, AI, and other emerging technologies.The agreement envisages a series of events and workshops aimed at educating the UAE ecosystem on key topics related to blockchain and AI, such as tokenisation, cross-chain interoperability, proof of reserves, and emerging blockchain standards.Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive Officer at Chainlink Labs Abu Dhabi, said: 'ADGM has developed a robust environment where tokenisation projects can thrive. Our alliance will elevate the blockchain ecosystem in the UAE, driving greater innovation and adoption.'This alliance strengthens ADGM's position as a global hub for technology-driven innovation. By building on the world's first DLT Foundations Regulations, ADGM has set new principles for blockchain adoption, enabling decentralised projects to scale within a regulated, interoperable, and secure ecosystem.Welcoming the partnership, Dr. Habib Al Mulla, Founder, Habib Al Mulla and Partners, said: 'The partnership between ADGM and Chainlink is a significant step toward bridging the gap between traditional financial regulation and emerging blockchain technologies.'Al Mulla, whose company offers legal services in area of blockchain, stressed the importance of compliance and regulation. 'By advancing compliant tokenisation frameworks, it enhances legal certainty and investor confidence. This move reinforces the UAE's already leading position in shaping the future of regulated digital finance.'
According to CoinMarketCap, the partnership will expand Chainlink's footprint in the UAE and drive further adoption of its native token, LINK. The token was trading at $15.19, reflecting a 5.98% increase over the past 24 hours.
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