Abu Dhabi Global Market (ADGM) has announced it has partnered with Polygon Labs, a software company focused on blockchain networks, to enhance blockchain innovation and establish international standards for transparency, security and trust in the web3 and blockchain ecosystem.
The collaboration builds on ADGM’s groundbreaking Distributed Ledger Technology (DLT) Foundations Regulations, aiming to create a comprehensive framework for Blockchain Foundations and Decentralized Autonomous Organizations (DAOs).
The effort supports ADGM’s goal of making Abu Dhabi a major hub for tech-driven financial services, setting new regulatory standards, and encouraging blockchain innovation.
“Our collaboration with Polygon Labs underscores ADGM’s commitment to shaping the future of blockchain through innovation and regulatory leadership,” said Hamad Al Mazrouei, CEO of ADGM Registration Authority.
“By establishing a standardised approach to disclosures in the blockchain industry, we aim to promote transparency and build confidence in blockchain technologies while reinforcing Abu Dhabi and the UAE’s position as a hub for blockchain and web3 innovation,” Al Mazrouei added.
“We are excited to drive transformative change in the global blockchain landscape together,” Sandeep Nailwal, Polygon Founder, commented: “Polygon’s mission has always been to make blockchain technology accessible and impactful on a global scale, empowering users and institutions to shape a more open and equitable internet.”
The collaboration will also explore further opportunities to solidify Abu Dhabi’s leadership in blockchain innovation. Polygon Labs’ expertise in scalable blockchain ecosystems will support ADGM’s regulatory initiatives, fostering a thriving blockchain environment.
