Abu Dhabi Global Market Collaborates with Solana to Boost Web3 Adoption; Jupiter Considers New Tokens on Solana

By: Eliza Bennet

Abu Dhabi Global Market (ADGM) has partnered with the Solana Foundation to promote the use of Distributed Ledger Technology (DLT) and blockchain innovation. This announcement follows ADGM's introduction of DLT Foundations Regulations, the first regulatory framework specifically designed for Blockchain Foundations and Decentralised Autonomous Organisations. The alliance aligns with ADGM's goal of becoming a global hub for tech-driven financial services.

Meanwhile, Jupiter, another Solana platform, has revealed that it may launch new tokens soon. However, this is dependent on the approval from their community members. Both developments mark significant progress for Solana, highlighting its growing influence within the global cryptocurrency ecosystem.

UAE has emerged as a global pivot for the evolution and adoption of blockchain technology, a pattern that Lily Liu, President of the Solana Foundation, identifies as a chance for further expansion.

This partnership further solidifies ADGM’s strategic vision of becoming a technology-centric financial hub and its dedication to promoting cryptocurrency initiatives within the digital asset sector. It marks a major step forward in UAE's broader strategy to adopt blockchain technology.