The Asia Foundation stacks established a presence in ADGM water. Become a regulated Bitcoin -based foundation operating in the World ABU Dhabi (ADGM) market as a Stacks Asia DLT Foundation.
By being present in ADGM, Stacks DLT Foundation will use the support offered by ADGM, which supports flexible governance thanks to tokens and smart contracts.
According to the press releaseThis is important for batteries because it widens the Bitcoin network without changing its heart.
Kyle Ellicott, executive director of the Asia Foundation stacks, explained that they had chosen the ADGM because of its commitment to promote innovation in the blockchain space.
He declares: “This decision is also based on existing dry regulatory approvals of stacks in the United States, adding another layer of confidence and credibility to the expanding imprint of the ecosystem.”
The Stacks Foundation in ADGM will fill Asia with Mena
Using ADGM as Hub, the batteries will fill its presence in Hong Kong with water. The Stacks Foundation will work with local water partners to launch educational programs for Bitcoin developers and users, to support policy initiatives that advance Bitcoin DEFI, yields and regulations for digital assets, as well as collaboration promoting institutions, manufacturers and innovators.
With the launch of SBTC earlier this year, users can now access a programmable asset supported by Bitcoin 1: 1 for loan, trading, and even more, without compromising Bitcoin safety. The Stacks Asia Foundation will rely on this by empowering manufacturers, educating institutions and creating challenges fueled by Bitcoin in Asia and the Middle East.
As Hamad Sayah Al Mazrouei, CEO of the Authority registration AdgM, said it: “The recording of the Foundation File Asia DLT in ADGM strengthens the growing role of water in digital asset space, opening the way to significant progress in Bitcoin Layer-2 solutions and the adoption of wider blockchain.”
The DLT foundation community grew up in ADGM
In 2024, the Blockchain tone recorded its DLT Foundation to ADGM to water as part of the DLT Foundations of ADGM, as well as in the Japanese Bitgrit, and the Kaia DLT Foundation, which was formed by the merger of the Klaytn and Finschia blockchains initially developed by Kakao and Line, respectively.
Iota was also one of the first foundations of the DLT to be recorded in ADGM.
In November 2023, the ABU Dhabi Global Market (ADGM) presented the regulations for the foundations for the Grand Book Distributed School (DLT), marking the first world legal framework for blockchain within its jurisdiction. They actively expanded their regulatory framework concerning digital assets and the DLT, in order to establish a complete legal and regulatory structure for these companies.
Cryptopolitan Academy: tired of market swings? Find out how Defi can help you create a stable passive income. Register
