Image Credit : Fasset
Abu Dhabi, United Arab Emirates Fasset, a global banking and investment platform, has announced a strategic partnership with the ADI Foundation (ADI), an Abu Dhabi–based non-profit organization established by Sirius International Holding, a subsidiary of IHC, the largest publicly listed company in the MENA region.
The collaboration supports ADI’s vision of delivering blockchain-based financial services through the launch of ADI Chain’s mainnet and its utility token, $ADI, which debuted during Abu Dhabi Finance Week. ADI Chain has been developed to power regulated digital asset applications, including the settlement and hosting of a forthcoming Dirham-backed stablecoin planned by First Abu Dhabi Bank (FAB) in collaboration with IHC.
Under the partnership, Fasset will provide essential regulated infrastructure, including user onboarding, KYC compliance, and fiat on- and off-ramp services. This will enable secure and compliant access to blockchain-powered financial solutions operating on ADI Chain, ensuring alignment with UAE regulatory standards.
The introduction of infrastructure supporting a future Dirham-backed digital currency represents a major milestone in the institutional adoption of blockchain payments across the UAE and the broader region. The initiative is expected to scale across various use cases within the IHC ecosystem, delivering immediate real-world economic utility.
Commenting on the partnership, Daniel Ahmed, Co-Founder and Chief Operating Officer of Fasset, said the agreement highlights the transition from experimentation to real-world implementation of digital asset infrastructure. He added that Fasset is committed to helping institutions adopt blockchain technology in a manner that is secure, compliant, and user-friendly.
Ajay Bhatia, Principal Council Member of the ADI Foundation, noted that the collaboration aligns with the UAE’s ambition to build scalable and regulated digital asset frameworks. He emphasized that secure access, regulatory compliance, and seamless fiat connectivity are essential to driving institutional participation.
The partnership reinforces ADI’s mission to enable blockchain adoption at scale while maintaining strict regulatory compliance. As part of the agreement, users will be able to purchase the $ADI utility token directly using UAE Dirhams (AED) on the Fasset platform. The rollout will take place in phases, subject to regulatory approvals and technical readiness.
