IOTA, a global tech network, has unveiled the IOTA Ecosystem DLT Foundation in Abu Dhabi, marking a significant milestone in the UAE’s blockchain industry. Approved by Abu Dhabi Global Market (ADGM) regulators, this $100-million initiative aims to bolster distributed ledger technology (DLT) growth in the Middle East. IOTA’s co-founder, Dominik Schiener, highlighted its strategic positioning amidst industry shifts. ADGM’s pioneering Distributed Ledger Technology Foundations Regulations 2023 reinforce the UAE’s stance as a leading global blockchain hub, solidified by IOTA’s establishment in Abu Dhabi.
IOTA’s $100 Million DLT ADGM Foundation: Catalyzing Blockchain Growth in the Middle East
