Chainlink Partners with Abu Dhabi Global Market (ADGM) to Expand Its Presence in the UAE and Foster Tokenization

As part of its ongoing efforts to expand its presence in the UAE and foster tokenization among blockchain projects, Chainlink has partnered with Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM), the financial center of the United Arab Emirates’ capital, has partnered with blockchain infrastructure provider Chainlink to expand the network’s presence in the region and foster tokenization among blockchain projects.

The partnership will see ADGM integrate Chainlink’s technology and services into its ecosystem, aiming to facilitate broader adoption of blockchain among businesses registered under ADGM.

Through this collaboration, ADGM aims to enhance tokenization efforts in the region by leveraging Chainlink’s advanced services, such as decentralized price feeds, cross-chain interoperability, and off-chain computing.

“We are excited to be partnering with ADGM, a leading financial free zone and recognized hub for blockchain innovation,” said Chainlink.

“This partnership will build on the strong foundation of our existing relationships in the region and empower ADGM to rapidly expand the capabilities of its blockchain ecosystem.”

Known for its role in facilitating global blockchain innovation, ADGM is continually seeking ways to reshape its regulatory framework and support the emerging blockchain ecosystem.

As part of the agreement, the firms will also host a series of events and workshops to educate the UAE’s blockchain and AI ecosystem.

While various topics will be covered, ADGM has highlighted key discussion points, including tokenization, cross-chain interoperability, proof of reserves, and emerging blockchain standards.

These sessions will shed light on best practices for integrating blockchain technology in a compliant and efficient manner within the region’s financial and technological landscape.

Beyond the strategic benefits for the Chainlink ecosystem, this partnership will expand the network’s footprint in the UAE and drive further adoption of its native token, LINK.

With its market-leading services, Chainlink currently facilitates over $19 trillion in transaction value, ranging from decentralized exchanges to derivatives exchanges and lending protocols.

This partnership marks a significant step toward integrating blockchain technology into the mainstream financial and technological landscape of the UAE.