DLT to soar in KSA with Hashgraph Association’s partnership with Saudi Ministry of Investment
The Hashgraph Association (THA), the Swiss-based organization fostering the Hedera DLT platform has signed a strategic partnership with the Saudi Ministry of Investment (MISA) to launch a “DeepTech Venture Studio” in Riyadh worth $250M over five years (2024-2028). DLT technology will soar with the allocation of this investment in Saudi as will other technologies including […]
UAE Financial Center ADGM forges new partnership with Solana Blockchain Foundation
Once again the UAE financial center in Abu Dhabi, the Abu Dhabi Global Market (ADGM) has forged a new partnership with a leading blockchain platform, the Solana Foundation to enhance Distributed Ledger technology and blockchain innovation. The Solana Foundation is a non-profit organization dedicated to decentralization, adoption, and security on Solana network. The initiative aligns […]
UAE issues DLT regulation allowing issuance of governance tokens
UAE’s Abu Dhabi Global Market after announcing its DLT token issuance consultation paper in April 2023 has now officially launched its new regulation that will allow DLT (Distributed Ledger Technology) Foundations, DAO (Decentralized Autonomous Organizations) to issue tokens. This means that DLT Foundations of Layer 1 or Layer 2 protocol Foundations can receive licenses from […]
US announces game-changing technology standards
The White House has released a national standards strategy for emerging technologies, identifying eight sectors that will have a significant economic impact in the near future. The inclusion of distributed ledger technology (DLT) and digital identity infrastructure caught the attention of the crypto community, as these technologies have the potential to revolutionize the way data […]
Abu Dhabi Global Market seeks answers on proposed DLT legal framework
Recently, it has been reported that the Registration Authority of Abu Dhabi Global Market (ADGM) is actively seeking answers regarding the proposed legislative framework for distributed ledger technology (DLT). Specifically, the authority is targeting disclosures, liquidation, and governance structures to be addressed within this framework. The proposed legal framework has generated interest among stakeholders, as […]
Bank of England’s “Project Meridian” successfully tests DLT for interbank transactions
The central bank has recently concluded its testing of distributed ledger technology (DLT) for enabling large and intricate interbank transactions, and the results were successful. The Bank of England utilized the Bank for International Settlements (BIS) London innovation hub to run “Project Meridian” and construct a prototype that has the potential to expedite and lower […]
