Abu Dhabi Global Market Partners with Chainlink to Promote Asset Tokenization

Odaily News Odaily Planet Daily reported that Abu Dhabi Global Market (ADGM) and Chainlink signed a memorandum of cooperation (MoU), which will use Chainlinks data feed and interoperability technology to promote the integration of traditional finance and blockchain.
ADGM is a financial free zone in the UAE, with assets under management exceeding US$635 billion. By the end of 2024, the number of financial institutions in the country will increase to 275, including BlackRock, PGIM, Morgan Stanley, etc.
The UAEs crypto adoption is accelerating, with crypto app downloads increasing by 41% in 2024 and ranking third in the world in the Henley Crypto Adoption Index 2024. Abu Dhabi approved USDT as a regulated virtual asset by the end of 2024. On March 12, Binance received a $2 billion investment from Abu Dhabi MGX. (Cointelegraph)