Latest news with #ADIFoundation
Zawya
17-07-2025
- Business
- Zawya
ADI Foundation launches a testnet for the world's first sovereign blockchain powered by GPU Computing
RELATED TOPICS UNITED ARAB EMIRATES RELATED COMPANIES CBUAE Abu Dhabi Dev. Natwest Grp Engineered and launched from the UAE capital, ADI Chain symbolizes Abu Dhabi's rise as a global hub for sovereign digital infrastructure. Solving the Web3 Trilemma & Unlocking New Real-World Use Cases. ADI Chain aims to serve as the backbone for digital services across finance, identity, healthcare, sustainability, and other real-world sectors. ABU DHABI, UNITED ARAB EMIRATES – The ADI Foundation today announced the beginning of a public testnet launch of ADI Chain, built to be the world's fastest blockchain infrastructure powered by GPU computing; a global first in decentralized technology, born in Abu Dhabi and designed for the world. The testnet implementation demonstrates world-class proving performance, and it is set to be the fastest proof system to be used in production. Abu Dhabi is setting a new global standard; one that combines cutting-edge innovation with a mission to deliver trusted, next-generation infrastructure across emerging markets. From smart automation of core protocols to performance tuning, data validation and availability, ADI Chain's AI-engineered protocol unlocks entirely new capabilities for governments, enterprises, and developers alike. The use of GPUs allows for deeper on-chain intelligence, real-time network adaptation, and more sustainable infrastructure at scale. ADI Chain is not only built to be a technological breakthrough, it also solves one of the most persistent problems in Web3 Trilemma and delivers a sustainable 2000TPS (with the potential for future growth) and sub-0.00001$ transaction fees in approximate. These performance advancements represent more than just numbers - they signify a revolutionary future where blockchains seamlessly interact and settle transactions in real-time, enabling developers to build robust client-side applications with localized proof generation capabilities. This bold leap in technology also unlocks use cases that were previously impossible on traditional blockchain infrastructures such as Real-Time AI-Driven Financial Trading, Dynamic AI-Controlled Gaming Economies and Privacy-Preserving Identity Systems. 'ADI Chain represents a step-change in how nations and institutions can harness cutting-edge technology for real-world impact,' said Dame Alison Rose, Council Member to the ADI Foundation and former CEO of NatWest Group. 'This is the first time we've seen AI and GPU computing converge to build decentralized infrastructure from the ground up and it's happening in Abu Dhabi. The potential to drive inclusive economic participation and digital sovereignty across emerging markets is extraordinary.' ADI Chain aims to serve as the backbone for digital services across finance, identity, healthcare, sustainability, and other real-world sectors, starting with its integration into the Dirham-backed stablecoin project being developed in collaboration with leading UAE institutions including FAB, ADQ, and IHC, and to be regulated by the Central Bank of the UAE. The public testnet is now live, and builders, institutions, and partners are invited to participate in shaping the future of blockchain; AI engineered, powered by GPUs, and launched proudly from Abu Dhabi. About ADI Foundation ADI Foundation is an Abu-Dhabi based non-profit organization founded by Sirius International Holding (a subsidiary of IHC), dedicated to empowering governments and institutions in emerging markets through blockchain infrastructure and partnerships needed to unlock sovereign digital economies and drive large-scale social and economic inclusion. Its mission is to bring 1 billion people into the digital economy by 2030, building on a strong foundation of 400+ million people already within its reach. Through strategic partnerships in over 20 countries and a growing portfolio of use cases such as a new UAE stablecoin backed by Dirhams, ADI is redefining what is possible at the intersection of technology and impact. Positioned in Abu Dhabi which is rapidly emerging as the Silicon Valley of inclusive tech-finance, ADI Foundation is proud to lead the transformation by turning visionary policy into practical, scalable systems that empower people, businesses, and governments alike.
Tahawul Tech
26-05-2025
- Business
- Tahawul Tech
Blockchain for Good: ADI Foundation powers a trusted, tokenised future
Guillaume de La Tour, CEO of ADI Foundation, shares how the Abu Dhabi-based non-profit is redefining global financial inclusion and digital trust with a Dirham-backed stablecoin and blockchain-powered solutions for governments and enterprises. The ADI Foundation is driving a new era of global finance by aligning advanced blockchain technologies with real-world impact. Headquartered in Abu Dhabi and backed by a $120 million fund, the Foundation champions digital transformation across critical sectors—finance, sustainability, healthcare, and governance. Its flagship initiative, the AEDC stablecoin, is anchored to the UAE Dirham and designed with regulatory compliance at its core, creating a bridge between traditional banking and Web3 innovation. Guillaume de La Tour, CEO of ADI Foundation, explains how their mission is shaping inclusive digital economies, building cross-border trust, and positioning the UAE at the forefront of the global fintech revolution. Interview Excerpts: What specific role does ADI Foundation's stablecoin project play in the digital economy of the UAE, and how does it align with the country's broader blockchain and fintech strategy? ADI Foundation's AEDC stablecoin, backed by the UAE Dirham and built on a modular EVM blockchain, aims to revolutionise the UAE's digital economy with fast, inclusive, and compliant financial services. It incorporates KYC/AML and FATF compliance for privacy and regulatory adherence, fostering DeFi innovation within traditional finance to drive community solutions and establish the UAE as a leading fintech hub. Aligning with Abu Dhabi's Economic Vision 2030 and ADGM's regulations, AEDC digitises the Dirham for global interoperability with major currencies, preparing the UAE for a tokenised future. With partnerships across 20+ countries reaching nearly 500 million people, ADI Foundation bridges Web2 and Web3 to create a compliant, inclusive ecosystem supporting economic diversification. As tokenisation of all assets becomes prevalent in ten years, including national currencies for sovereignty and interoperability, AEDC positions the UAE at the forefront of this shift due to its blockchain's compliance and scalability, solidifying the UAE as a hub for instantaneous, inclusive, and interconnected global finance. 'The UAE continues to emerge as the ideal hub for a future where finance is instantaneous, inclusive, and interconnected, redefining global financial systems.' Given the UAE's focus on becoming a global fintech hub, how does the ADI Foundation plan to position itself as a leader in blockchain and digital currencies in the region? The ADI Foundation is driving global financial inclusion by deploying a blockchain with locally validated compliance at Layer 3, tailored to each region's regulations. Partnering with cutting-edge providers, we ensure localised infrastructure and AI integration on the blockchain, empowering communities with secure, scalable solutions. ADI Foundation is a transformative force, merging blockchain innovation with a mission for global financial inclusion and strategic alignment with the UAE's goal to lead fintech. By delivering regulated, accessible digital finance, ADI Foundation positions the UAE as a cornerstone of the global digital economy, fostering a future where opportunity knows no borders. What measures are being taken by ADI Foundation to build trust among institutional investors and government bodies in adopting a blockchain-based stablecoin for both cross-border payments and domestic transactions? ADI Foundation builds trust by embedding compliance and security into its EVM-based stablecoin platform with a dedicated Layer 3 for regulations like KYC/AML and FATF. Real-time monitoring and decentralized identity enhance security for cross-border and domestic transactions. Partnerships across 20 countries, impacting nearly 500 million people, demonstrate tangible results, such as enabling 70 million M-PESA users to convert mobile money to stablecoin and revolutionizing carbon credit trading with Esyasoft. ADI Foundation extends its impact to healthcare with partnerships like Apeiro, serving 55 million people with secure health information systems. Located in the UAE, ADI Foundation delivers versatile, compliant blockchain solutions across sectors, establishing itself as a trusted leader. What are some of the anticipated challenges in implementing a blockchain-based stablecoin especially when it comes to regulatory policies? I see three main challenges: Challenge #1: Navigating complex regulatory landscapes Implementing a blockchain-based stablecoin like ADI Foundation's stablecoin faces significant challenges, due to the diverse and evolving regulatory policies across jurisdictions. Governments often grapple with balancing innovation against risks, like money laundering, tax evasion, and financial instability, leading to fragmented or restrictive regulations. For instance, ensuring compliance with varying KYC/AML requirements globally, while maintaining blockchain's decentralised ethos, is a technical and diplomatic hurdle. ADI Foundation addresses this by integrating a Layer 3 compliance sublayer into its modular EVM blockchain, enabling localised regulatory alignment without compromising scalability or security. By proactively engaging with regulators in more than 20 countries, ADI Foundation builds trust and ensures stablecoin adapts to regional frameworks, mitigating the risk of regulatory pushback. Challenge #2: Ensuring interoperability amid technological disparities Another challenge is achieving interoperability between stablecoin and existing financial systems, particularly in regions with underdeveloped technological infrastructure. Legacy banking systems and disparate blockchain protocols can hinder seamless cross-border payments and domestic transactions, especially in areas with limited digital connectivity. These risks excluding the 52% of MENA's unbanked population from the digital economy. ADI Foundation tackles this challenge by designing a stablecoin with native support for cross-chain compatibility and partnering with local infrastructure providers to deploy tailored solutions. For example, our collaboration with regional tech firms ensures blockchain nodes and AI-driven services operate efficiently even in low-resource environments, fostering inclusivity and operational reliability. Challenge #3: Building public and institutional confidence Gaining trust from institutions and the public for a blockchain-based stablecoin is challenging due to past crypto volatility and skepticism about digital currencies' stability. Governments and investors may hesitate to adopt stablecoins, fearing economic disruptions or technical vulnerabilities. ADI Foundation counters this by anchoring the Dirham-backed stablecoin to the stable UAE Dirham and implementing robust cybersecurity measures, such as real-time transaction monitoring and W3C-compliant decentralised identity. By showcasing successful pilots—like enabling secure healthcare data systems for 55 million people—ADI Foundation demonstrates reliability. Our transparent, community-driven approach, inviting regulators and developers to co-build ecosystems, further bridges the trust gap, positioning the ADI Foundation stablecoin as a dependable tool for global finance. The potential to change the world is tremendous, and we're just getting started.
CairoScene
29-04-2025
- Business
- CairoScene
UAE Central Bank Greenlights Dirham-Backed Stablecoin
The stablecoin aims to facilitate transactions, support AI-driven applications, and enable machine-to-machine payments. Apr 29, 2025 The UAE Central Bank (CBUAE) has approved plans for a Dirham-backed stablecoin, to be issued by First Abu Dhabi Bank (FAB) pending final regulatory clearance. Developed in partnership with Abu Dhabi Developmental Holding Company (ADQ), International Holding Company (IHC), and the ADI Foundation, the digital currency will operate on the ADI blockchain – a locally developed infrastructure already deployed in over 20 countries. The stablecoin aims to facilitate everyday consumer and business transactions, support AI-driven applications, and enable machine-to-machine payments. The ADI Foundation, providing the underlying technology, confirmed the stablecoin will adhere to CBUAE compliance standards. The initiative follows regional peers like Saudi Arabia in adopting blockchain-based financial solutions.
Gulf Insider
29-04-2025
- Business
- Gulf Insider
UAE to Launch Dirham-backed Stablecoin
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by the UAE's largest bank, FAB (subject to regulatory approval). The new stablecoin will revolutionise the ease of making payments and doing business, both locally and globally, putting the UAE at the forefront of global blockchain innovation as a leading fintech hub, while strengthening UAE's digital infrastructure. The stablecoin backed by Dirhams is designed to enable payment for the world where identity, governance and value flow freely, securely, and verifiably. This stablecoin will be used as a reliable digital currency across a wide range of everyday scenarios – by citizens and consumers, businesses and institutions. It will also support emerging digital use cases such as machine-to-machine and AI. The new stablecoin will operate on the ADI blockchain, a cutting-edge technology developed in the UAE by the ADI Foundation, which will provide a compliant distribution network for blockchain payments. ADI Foundation connects established financial systems with next generation blockchain technology to create real-world impact, allowing citizens of emerging countries to compete and operate on a global scale, which previously would have been impossible. ADI Foundation already has strategic partnerships with governments in more than 20 countries. Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ, said: 'The launch of the stablecoin marks a pivotal step in our commitment to strengthening the UAE's digital infrastructure ecosystem. As we move forward towards an increasingly digital and connected economy, the stablecoin will provide a solution that is secure, efficient and scalable, while creating new opportunities for growth and value creation.' Syed Basar Shueb, CEO of IHC, said: 'This new stablecoin represents a major breakthrough in the development of digital currencies, and we are proud to have played a key role in its creation. By bringing IHC's expertise in blockchain and fintech, we look forward to working with our partners to explore its vast potential and drive innovation in the UAE.' Hana Al Rostamani, Group Chief Executive Officer of FAB, said: 'As a founding partner of this leading technology, FAB is proud to be at the forefront of global innovation, driving continued growth within the UAE's dynamic fintech sector. 'This new stablecoin represents a transformative step forward and will revolutionise the way both consumers and businesses engage with trusted blockchain payments in the UAE.' Guillaume de La Tour, CEO of ADI Foundation, said: 'This stablecoin marks a pivotal milestone in the UAE's journey toward a more inclusive and digitally empowered economy. By leveraging the ADI blockchain, we are enabling secure, transparent, and efficient transactions at scale — built on technology developed right here in the UAE. 'The ADI Foundation is proud to support this visionary initiative that aligns with our mission to advance sustainable digital transformation around the world.' The new stablecoin is expected to have a significant impact on various industries, including finance, commerce, and trade. Its launch marks an important step towards realising the UAE's vision of becoming a leading hub for innovation and financial technology. Also read: After UAE, India's 'Campa Cola' Makes An Entry Into Oman With Reliance
Zawya
29-04-2025
- Business
- Zawya
IHC, ADQ and FAB pioneer UAE Dirham-backed stablecoin for the digital economy
The stablecoin launch led by three leading UAE entities will put the UAE at the forefront of blockchain innovation, strengthening UAE's digital infrastructure. Businesses and consumers to benefit from trusted network with the UAE's Central Bank oversight. Abu Dhabi, UAE – IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by the UAE's largest bank, FAB (subject to regulatory approval). The new stablecoin will revolutionize the ease of making payments and doing business, both locally and globally, putting the UAE at the forefront of global blockchain innovation as a leading fintech hub, while strengthening UAE's digital infrastructure. The stablecoin backed by Dirhams () is designed to enable payment for the world where identity, governance and value flow freely, securely, and verifiably. This stablecoin will be used as a reliable digital currency across a wide range of everyday scenarios - by citizens and consumers, businesses and institutions. It will also support emerging digital use cases such as machine-to-machine and AI. The new stablecoin will operate on the ADI blockchain, a cutting-edge technology developed in the UAE by the ADI Foundation, which will provide a compliant distribution network for blockchain payments. ADI Foundation connects established financial systems with next generation blockchain technology to create real-world impact, allowing citizens of emerging countries to compete and operate on a global scale, which previously would have been impossible. ADI Foundation already has strategic partnerships with governments in over 20 countries. H.E. Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ, said: "The launch of the stablecoin marks a pivotal step in our commitment to strengthening the UAE's digital infrastructure ecosystem. As we move forward towards an increasingly digital and connected economy, the stablecoin will provide a solution that is secure, efficient and scalable, while creating new opportunities for growth and value creation." Syed Basar Shueb, CEO of IHC, added:"This new stablecoin represents a major breakthrough in the development of digital currencies, and we are proud to have played a key role in its creation. By bringing IHC's expertise in blockchain and fintech, we look forward to working with our partners to explore its vast potential and drive innovation in the UAE." Hana Al Rostamani, Group Chief Executive Officer of FAB, affirmed: 'As a founding partner of this leading technology, FAB is proud to be at the forefront of global innovation, driving continued growth within the UAE's dynamic fintech sector. This new stablecoin represents a transformative step forward and will revolutionise the way both consumers and businesses engage with trusted blockchain payments in the UAE.' Guillaume de La Tour, CEO of ADI Foundation, commented: 'This stablecoin marks a pivotal milestone in the UAE's journey toward a more inclusive and digitally empowered economy. By leveraging the ADI blockchain, we are enabling secure, transparent, and efficient transactions at scale — built on technology developed right here in the UAE. The ADI Foundation is proud to support this visionary initiative that aligns with our mission to advance sustainable digital transformation around the world.' The new stablecoin is expected to have a significant impact on various industries, including finance, commerce, and trade. Its launch marks an important step towards realizing the UAE's vision of becoming a leading hub for innovation and financial technology.
