- Chainlink is expanding, with Abu Dhabi marking its latest destination
- ADGM has attracted top crypto projects, driving financial hub status over the past year.
Chainlink Labs, a leader in decentralized blockchain solutions, continues to expand its global footprint. In a press release, Chainlink announced that it is expanding its presence in the Middle East and North Africa (MENA), aiming to lead blockchain innovation in the region.
Chainlink Opens Office in Abu Dhabi
Chainlink has established an office in the Abu Dhabi Global Market (ADGM) per its expansion plans. This development positions the Oracle protocol in line to cater to the growing demand for Decentralized Finance (DeFi) solutions in the area.
Chainlink said it intends to use its local presence in Abu Dhabi to broaden its network of strategic alliances with infrastructure providers and financial institutions. Chainlink also plans to leverage its Abu Dhabi presence to support the rising demand for tokenized assets.
Furthermore, Chainlink hopes the new expansion will position it to better service its global ecosystem and maintain critical regional contacts.
Meanwhile, Chainlink’s expansion aligns with a growing adoption of blockchain technologies and tokenized assets in MENA. The ADGM’s forward-thinking regulatory framework has helped to strengthen Abu Dhabi’s growing reputation as a global hub for blockchain innovation.
Chainlink’s expansion into ADGM emphasizes the rising importance of blockchain-based solutions in modern finance.
“We are excited to expand the global footprint of the Chainlink standard by establishing a presence in Abu Dhabi, working closely with key financial market infrastructures and financial institutions in the region to bring tokenized assets to production,” says Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs.
Chainlink Labs is well recognized for its pioneering work verifying data and Cross-Chain Interoperability Protocol (CCIP). Per a CNF report, the US-based Coinbase crypto exchange recently integrated the Chainlink CCIP into its Project Diamond initiative.
This initiative aims to streamline the full lifecycle management of tokenized assets, ensuring robust compliance and efficiency.
The Oracle’s service provider has solidified its position by collaborating in the banking and capital markets. According to a CNF report, Australia’s ANZ Bank uses Chainlink’s applications to facilitate cross-chain settlements of tokenized real-world assets.
ADGM Reshaping Blockchain Innovation
Beyond Chainlink, ADGM continues to attract major blockchain firms, strengthening its global financial hub status.
Polygon Labs, another key participant in the blockchain space, recently confirmed its participation in ADGM. Through the collaboration with ADGM, Polygon will establish international disclosure standards to promote transparency and trust within the blockchain and Web3 ecosystems.
Adding to this momentum, the Kaia DLT Foundation announced an official incorporation into ADGM. This collaboration is expected to play an important role in advancing Web3 infrastructure and applications adoption.
In a similar move, Liminal Custody, a leading provider of digital asset custody solutions, announced the acquisition of Financial Services Permission (FSP) from the ADGM. Overall, these developments reflect Abu Dhabi’s rapid positioning as a leader in blockchain innovation.
