Abu Dhabi Global Market has been expanding rapidly; Solana isn’t doing badly lately either.
Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding with the Solana Foundation to advance the development of distributed ledger technology (DLT). The partners did not announce any specific measures but will explore opportunities for development within ADGM’s DLT Foundations Regulations.
ADGM and Solana will look to expand the international financial center’s existing projects, according to a statement released by ADGM. ADGM Registration Authority CEO Hamad Al Mazrouei said:
The DLT Foundations Regulations were introduced in November. ADGM claimed at the time that they represented the first “purpose-built” regulatory framework in the world for blockchain foundations, Web3 entities and decentralized autonomous organizations (DAOs).
