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ADGM announces strategic partnership with Solana Foundation

by Madaline Dunn

Abu Dhabi Global Market (ADGM) has announced it is partnering with non-profit organisation Solana Foundation following the signing of an MoU.

This partnership, it was shared, is focused on enhancing Distributed Ledger Technology (DLT) solutions and advancing blockchain innovation.

The collaboration is set to expand ADGM’s existing offerings further by exploring opportunities for joint initiatives and projects related to the development of the blockchain company ecosystem in Abu Dhabi.

Speaking on the partnership, Hamad Al Mazrouei, CEO of ADGM Registration Authority, said: “Our strategic alliance with the Solana Foundation marks a key milestone in cementing ADGM’s leadership in the blockchain sector, and represents a direct reflection of the effectiveness of our DLT Foundations Framework and our commitment to the growth and the development of the blockchain sector. We are excited to partner with Solana to pioneer the future of technology, and further enhance the level of knowledge in the space of blockchain by emphasising the value of regulation and compliance in ensuring robust and sustainable development. We are confident that this significant collaboration will lead to bolstering the blockchain ecosystem and driving further innovative initiatives in Abu Dhabi and the UAE.”

Lily Liu, President of the Solana Foundation, commented: “Working closely with ADGM is a significant step forward in the continued growth of blockchain adoption in the region as a whole, and advances the Solana Foundation’s goal of fostering innovation, security, and widespread adoption on the Solana network in the Middle East.”

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