Abu Dhabi World Market (ADGM) and Hacken, a world blockchain safety auditing agency, have signed a Memorandum of Understanding (MoU) to “collaboratively set new benchmarks for blockchain safety and compliance”.
This strategic partnership mirrored “a novel synergy between a regulatory physique and a safety auditor aimed toward establishing a world-leading safety evaluation customary within the blockchain trade”, ADGM mentioned in an announcement on 24 April.
Beneath the MoU, ADGM’s Registration Authority (RA) will collaborate with Hacken on creating safety requirements and on-chain monitoring options in relation to ADGM’s DLT Foundations framework.
Key components of the MoU embrace collaboration in areas of safety and compliance requirements improvement, superior DLT basis monitoring preparations and improvement of AI-enhanced monitoring options.
Hamad Sayah Al Mazrouei, CEO of ADGM RA mentioned: “At ADGM, we’re dedicated to setting unprecedented world requirements in regulatory compliance and safety by harnessing the transformative energy of blockchain and AI. Our partnership with Hacken exemplifies our modern drive and dedication to excellence.
“By integrating AI-driven applied sciences, we’re pioneering a mannequin of regulatory excellence that enhances transparency, safety, and belief throughout the digital panorama. This represents the subsequent frontier in SupTech, and take pleasure in spearheading this evolution.”
Dyma Budorin, co-founder and CEO of Hacken mentioned: “Our expertise in working with public sectors, similar to our audits for the European Blockchain Companies Infrastructure and our cooperation with authorities entities, offers a stable basis for this partnership. Collectively, we’re setting a brand new world customary for blockchain safety and compliance.”
