Abu Dhabi Global Market (ADGM) and Chainlink Partner to Advance Blockchain Applications
The Abu Dhabi Global Market (ADGM) has established a strategic relationship with Chainlink, a leading decentralised oracle network, in a major step to support the adoption of Web3 technology. The partnership, which was announced on March 24, is expected to improve tokenised assets’ usefulness and cross-chain interoperability while also advancing blockchain regulations.
Pioneering Blockchain Engagement in Abu Dhabi
ADGM, an internationally recognized financial center, has been a trailblazer in blockchain regulation since launching its virtual asset regulatory framework in 2018. Hosting over 2,000 companies, ADGM continues to foster a dynamic financial ecosystem, reinforcing its commitment to technological innovation.
Chainlink will use its knowledge of decentralised oracles to promote research projects and create legal frameworks that encourage blockchain integration as part of this collaboration. The partnership will act as an incubator for asset tokenisation projects within ADGM’s regulatory framework, according to Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs.
Rising Interest in Tokenized Assets Across the UAE
Asset tokenisation, the process of turning tangible assets into digital tokens based on blockchain technology, is quickly becoming popular in the United Arab Emirates. Benefits of this change include enhanced liquidity, smooth trade, and fractional ownership. The worldwide asset tokenisation market is expected to grow from $2.08 trillion in 2025 to an estimated $13.5 trillion by 2030, according to Mordor Intelligence.
Reflecting this momentum, the Dubai Land Department (DLD) has revealed plans to explore real estate tokenization, aiming to streamline property transactions. This initiative aligns with the UAE’s broader strategy to integrate blockchain technologies across both public and private sectors, reinforcing the nation’s standing as a leader in digital innovation.
A Collaborative Effort Toward Regulatory Frameworks
As part of the newly signed Memorandum of Understanding (MoU), ADGM and Chainlink will work closely to establish regulatory guidelines and promote education on blockchain applications. A series of workshops and events will be hosted to inform businesses and retail investors about the evolving tokenization landscape.
Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, underscored the partnership’s objective of setting a global standard for transparency, security, and trust in blockchain-based financial services. Moreover, the collaboration will delve into the role of Artificial Intelligence (AI) in blockchain applications, paving the way for further advancements in the sector.
The UAE is actively participating in Web3 talks with international actors, such as the US, and the ADGM-Chainlink collaboration is well-positioned to establish the UAE as a leader in blockchain-driven financial innovation.
