ADGM and Polygon Labs Set New Standards for Blockchain Regulation and Trust

ADGM, the Abu Dhabi Global Market, has partnered with Polygon Labs to advance blockchain innovation and establish international disclosure standards aimed at ensuring transparency, security and trust within the Web3 and blockchain ecosystems.

This collaboration builds on ADGM’s distributed ledger technology (DLT) regulations, positioning Abu Dhabi as a global hub for technology-driven financial services.

The partnership aligns with both ADGM’s and Polygon’s shared vision of advancing blockchain adoption and creating a robust framework for Decentralised Autonomous Organisations (DAOs). This initiative is expected to enhance global regulatory clarity, build confidence in blockchain technologies and promote transformative change in the blockchain industry.

Hamad Al Mazrouei, CEO of ADGM Registration Authority, said: “Our collaboration with Polygon Labs underscores ADGM’s commitment to shaping the future of blockchain through innovation and regulatory leadership. By establishing a standardized 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. We are excited to drive transformative change in the global blockchain landscape together.”

While Sandeep Nailwal, Polygon founder, also 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. ADGM’s forward thinking regulatory approach and unwavering support for innovation align perfectly with this vision.

“Together, we’re not only establishing new benchmarks for transparency and disclosure but also creating a foundation for trust that allows users, developers, and institutions worldwide to engage with blockchain systems confidently. This collaboration is a critical step forward in advancing the global adoption of Web3 technologies.”

Their collaboration will also explore additional opportunities to strengthen Abu Dhabi’s position as a leader in blockchain innovation. Polygon Labs’ experience in building interconnected and scalable blockchain ecosystems via the AggLayer will complement ADGM’s regulatory initiatives.

The post ADGM and Polygon Labs Set New Standards for Blockchain Regulation and Trust appeared first on The Fintech Times.

Read More