Abu Dhabi's Global Market (ADGM) introduced a landmark in the realm of distributed Ledger Technology Governance
The Registration Authority of Abu Dhabi's Global Market (ADGM) has unveiled the world's inaugural regulatory framework for Distributed Ledger Technology (DLT) Foundations, known as the Distributed Ledger Technology Foundations Regulations 2023. This pioneering regulatory regime is specifically designed to establish a comprehensive framework for DLT Foundations and Decentralized Autonomous Organizations (DAOs), catering to their unique operational and token issuance requirements within the Blockchain industry.
In alignment with ADGM's strategy to encourage initiatives in the broader blockchain and digital asset landscape, this innovative regime addresses the distinct legal needs of Blockchain Foundations, DAOs, and the wider crypto industry. By fostering positive transformation across the blockchain and Web3 landscape, the regulations aim to contribute to a more transparent and efficient future.
This regulatory framework not only establishes a global benchmark but is also intended to be applicable and beneficial to Blockchain Foundations, Web3 entities, Decentralized Autonomous Organizations, and traditional Foundations seeking to enhance their operations through Distributed Ledger Technology.
Anticipated to revolutionize the industry, this unified solution addresses the specific requirements of digital asset-related activities and the broader Foundations landscape. Moreover, it provides an effective means to organize and promote governance while acknowledging the industry's demand for decentralization.