The UAE’s international financial center, Abu Dhabi Global Market (ADGM), has entered into a strategic alliance with Chainlink crypto, a blockchain oracle solutions provider, to advance blockchain innovation and regulatory frameworks.
Through this collaboration, both ADGM and
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hope to establish global standards for blockchain practices, develop compliant tokenization frameworks, and enhance the utility of tokenized assets.
A Memorandum of Association (MoU) was formally signed and announced on 24 March 2025. The agreement will help ADGM gain access to Chainlink’s suite of blockchain tools, including its data feed and interoperability services. Both parties also aim to facilitate discussions on regulatory matters concerning blockchain technology. The partnership also has an educational angle, wherein ADGM and Chainlink crypto plan on educating the UAE’s ecosystem on emerging technologies through workshops on topics regarding tokenization, cross-chain interoperability, and proof of reserves.
Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, said, “This strategic alliance is a significant step in further solidifying ADGM’s leadership in enabling blockchain innovation and enhancing alignment in the regulatory approach globally.”
By leveraging Chainlink’s technical expertise and advanced services, the partnership aims to maximize the potential of tokenized assets while ensuring regulatory compliance, which in turn will also significantly boost the utility of tokenized assets within the UAE.
We’re excited to announce that @ADGlobalMarket—Abu Dhabi’s premier international financial center—and Chainlink have forged an alliance.
The alliance will maximize the utility of tokenized assets in the UAE while ensuring regulatory compliance.https://t.co/oYwl96NSXI pic.twitter.com/OpJ4CCW5wP
— Chainlink (@chainlink) March 24, 2025
The initiatives defined under the MoU align with ADGM’s broader strategy to drive innovation and establish a global approach towards the regulation of the blockchain ecosystem.
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Growth and Market Implications of Chainlink Crypto in the UAE
Chainlink crypto has had a decent week. It gained over 12% and saw its market cap rise past $10.12 billion, solidifying its ranking as 11th in the crypto rankings.
ADGM and Chainlink’s partnership has created positive waves in the crypto landscape, particularly regarding Chainlink’s native token LINK and its potential to rally up to 200% in the aftermath of the announcement.
Since last year, Chainlink has been making big moves in the UAE. Chainlink Labs, one of the primary contributing developers of Chainlink, officially expanded and set up an office in Abu Dhabi in December last year under the Registration Authority (RA) of ADGM.
Just a day later, during the Abu Dhabi Finance Week (ADFW), Chainlink was announced as the fifth council member of Emirates NBD’s Digital Asset Lab along with other founding members, including PwC, Fireblocks, R3, and Chainanalysis.
For the uninitiated, Emirates NBD is a banking group with its operations spread across the Middle East, North Africa, and Türkiye (MENAT) region. Chainlink and Emirates NBD signed an MoU to advance Emirates NBD’s Digital Asset Lab’s mission to create innovative solutions in digital finance.
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Broader Context of Crypto Adoption in the UAE
Cryto.com’s UAE head, Mohammed Al-Hakim, summarized in his statement, “You will be able to do more with cryptocurrency than with Dirham and Dollar.”
In the last couple of years, the UAE has seen a boom in crypto adoption. The region saw a 41% increase in crypto app downloads in 2024 compared to the previous year.
Dubai and Abu Dhabi have both become hotspots for crypto firms, with a number of crypto-forward policies and project announcements that have made the UAE a global leader in the crypto space.
Several crypto-forward projects are currently underway in the UAE.
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is working with the authorities in the UAE to implement Web3 projects across the UAE’s public sector, while real estate tokenization projects are in full swing, led by companies such as Tether. The region also saw the largest ever investment made in crypto as MGX, a UAE-based AI and advanced technology investor, invested $2 billion in Binance, entirely in stablecoins.
Mastercard, too, has entered the fray, expanding their crypto solutions in the UAE, while major crypto exchanges are partnering up with traditional financial bodies in the UAE to expand their operations in the Middle East.
Stablecoins like the USDC were also amongst the first to be recognized and operationalized in the UAE.
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Key Takeaways
ADGM and Chainlink partnered to develop compliant tokenization frameworks and global blockchain standards.
The collaboration aims to enhance tokenized asset utility and drive blockchain innovation in the UAE.
The UAE saw a 41% increase in crypto app downloads in 2024 compared to the previous year
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