Regulation
Chainlink Teams Up With Abu Dhabi’s ADGM To Promote Tokenization In The UAE
Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, has entered into a formal collaboration with Chainlink, a leading provider of blockchain infrastructure services. The agreement, structured through a Memorandum of Understanding (MoU), will support the development of compliant frameworks for tokenized assets. This partnership will expand blockchain adoption and promote regulatory dialogue within the UAE and globally.
Chainlink and ADGM Sign MoU to Build Compliant Tokenization Frameworks
As noted in the press release, Chainlink and ADGM have inked an MoU that would thus cover the promotion of tokenization frameworks that meet regulatory standards. Both parties will help each other to deliver an environment that ensures secure and legal tokenization of assets in the financial markets.
As part of the collaboration, ADGM will be able to gain Chainlink’s blockchain services, such as the verified data, interfacing solutions, and proof-of-reserve solutions. These tools will improve connectivity between on-chain and off-chain systems and support the growth of scalable digital asset environment.
The agreement outlines a plan to host educational workshops and events in the UAE. These sessions will address core topics including cross-chain infrastructure, AI integration, and the application of blockchain in financial services. The focus will be on building knowledge and regulatory clarity within the regional blockchain ecosystem.
Advancing Blockchain Innovation Through Chainlink Tools
Chainlink has been recognized for its extensive suite of services supporting secure blockchain integration. The platform has enabled over USD19 trillion in transaction value globally and is used by major financial institutions to facilitate secure transactions.
With this partnership, ADGM will utilize Chainlink’s technology to promote innovation within its regulated environment. Chainlink’s tools are expected to enhance liquidity, interoperability, and data transparency across digital markets operating under ADGM’s jurisdiction.
This initiative also complements ADGM’s efforts to support decentralized technologies through established legal and regulatory structures. The market has already introduced Distributed Ledger Technology (DLT) regulations to offer guidance to blockchain-based projects.
Meanwhile, amid the growing blockchain adoption, the European Central Bank (ECB) is exploring a blockchain-based payment system to process central bank money transactions.
Regulatory Collaboration
Under the MoU, Chainlink and ADGM will engage in discussions surrounding regulatory practices for blockchain, AI, and emerging technologies. These discussions will support the establishment of industry-wide standards and best practices for blockchain implementation.
In addition, the partnership includes a schedule of educational programs to enhance tokenization, proof-of-reserves, and cross-chain operations. These initiatives will target participants across the UAE’s financial ecosystem.
Following the collaboration, LINK price surged, reaching $15 with a 5.74% increase in the past 24 hours. The trading volume also spiked by 79.46%, hitting nearly $399 million, reflecting renewed investor interest.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Federal Deposit Insurance Corporation (FDIC) has updated its guidelines, enabling banks to engage in cryptocurrency-related activities without seeking prior approval. This new policy shift signals a change in the FDIC’s approach to the growing role of digital assets in the banking sector.
New FDIC Guidelines on Crypto-Related Activities
The FDIC has issued a new Financial Institution Letter (FIL-7-2025), which provides updated guidance for banks looking to engage in cryptocurrency activities. The new guidance rescinds the previous policy set out in FIL-16-2022, which required banks to notify the FDIC before engaging in such activities.
Under the new rules, banks can now participate in permissible crypto-related activities without waiting for FDIC approval, as long as they manage the risks appropriately.
This change is seen as a shift in the FDIC’s stance, following the agency’s earlier stance that required prior approval for crypto engagements. FDIC Acting Chairman Travis Hill expressed that this new approach aims to establish a more consistent framework for banks to explore and adopt emerging technologies like crypto-assets and blockchain.
“With today’s action, the FDIC is turning the page on the flawed approach of the past three years,” said Hill in a statement.
This Is A Developing News, Please Check Back For More
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
According to a recent analysis, the AVAX price is eyeing a rebound to as high as $44. This comes just as asset manager Grayscale files to offer an Avalanche ETF, which will list and trade on the Nasdaq exchange.
Grayscale Files With US SEC To Offer Avalanche ETF
Grayscale has officially filed with the US SEC to offer an Avalanche. This came following Nasdaq’s 19b-4 filing with the Commission to list and trade this proposed ETF on the exchange. The SEC will have to determine whether or not to approve the fund.
Grayscale becomes the second asset manager to file to offer an AVAX ETF. VanECK was the first as the asset manager filed the S-1 for its ETF with the SEC two weeks ago. It is worth mentioning that Grayscale already has an Avalanche Trust, which it is simply looking to convert to an ETF.
Asset managers continue to file for several altcoin ETFs under the new SEC administration, with acting Chair Mark Uyeda looking to create a regulatory-friendly environment for the crypto industry. US SEC Chair nominee Paul Atkins has also affirmed that he plans to prioritize regulatory clarity for the industry.
Market expert Nate Geraci also highlighted the wave of altcoin ETFs that have stormed the SEC’s desk including filings for XRP, Solana, Dogecoin, Cardano, SUI, Hedera, Polkadot, Litecoin, Aptos, and Axelar.
AVAX Price Eyes Rebound To $44
The AVAX price is eyeing a rebound to $44 as predicted by crypto analyst Jarfan. Grayscale’s filing for an Avalanche ETF undoubtedly provides a bullish outlook for the altcoin and could spark this rally.
Jarfan stated that AVAX’s chart is one of the cleanest on the market at the moment. He remarked that the altcoin has taken out previous lows and looks to be putting a double bottom on the higher timeframe.
In line with this, he affirmed that overall, a very bullish structure is forming at the moment and that AVAX is showing a lot of relative strength in comparison to other altcoins. The analyst noted that there have been major moves from other coins recently, although they have been mainly meme coins, and that the fact that Avalanche is keeping up with them is truly impressive.
Jarfan also stated that the AVAX price is holding above a very strong support right now with barely any drawbacks. As such, he belives that the altcoin will rally to $30 in no time once Bitcoin breaks out from $88,000.
His accompanying chart also showed that the altcoin could rebound to $44, although it would face a major resistance at that level as it attempts to further rally to the upside. The crypto analyst predicts that Avalanche will break in the top 10 cryptocurrencies by market cap very soon.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
US SEC Chair nominee Paul Atkins has revealed his intention to prioritize providing regulatory clarity for the crypto industry. This came following Atkins’ nomination hearing before the US Senate Banking Committee.
Paul Atkins To Prioritize Regulatory Clarity For Crypto Industry
During his Senate Banking Committee nomination hearing, Paul Atkins stated that a top priority of his chairmanship will be to work with his fellow commissioners and Congress to provide a “firm regulatory foundation for digital assets through a rational, coherent, and principled approach.
This comes just as CoinGape reported that the US SEC plans to shift its focus from crypto enforcement actions to traditional cases. Under past Chair Gary Gensler, the Commission adopted the regulation by enforcement approach instead of providing clarity for the industry.
However, Atkins is looking to change that, with his mission already aligning with the moves the agency, under Acting Chair Mark Uyeda, has made so far to create a regulatory-friendly environment for the industry.
During the hearing, Committee Chairman Tim Scott alluded to the backlash that the SEC faced under Gensler. Paul Atkins admitted that all prior issues were disturbing and committed to working on boosting the agency’s image. He added that he wants to go back to the basics and ensure that the Commission works in line with its mission.
Atkins Crypto Holdings Revealed
Coingape recently reported that Paul Atkins holds almost $6 million in crypto investments, according to a disclosure released on Tuesday. Between $250,000 and $500,000 is equity in crypto custodian Anchorage Digital.
Meanwhile, the US SEC Chair nominee previously held a board position at the BlackRock-backed tokenization firm and had nearly $250,000 to $500,000 in call options. $1 million to $5 million of these investments came from stakes in Off the Chain Capital, where he is a limited partner.
It is unclear if Paul Atkins will offload these crypto investments if the US Senate confirms him as the next US SEC Chair. However, Senator Elizabeth Warren described his financial conflicts of interest as “breathtaking.”
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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