Strategic Partnership for Advancing Regulated Tokenized Products in the UAE

Introduction

In a significant move towards enhancing the digital economy, the ADI Foundation, Finstreet Limited, and BlockBooster have entered into a Memorandum of Understanding (MoU). This strategic alliance aims to expedite the development and adoption of regulated tokenized products while building the essential infrastructure in the UAE.

Key Components of the Partnership

The MoU outlines several collaborative areas that the parties will explore:

1. UAE Dirham-backed Stablecoin: The partnership will focus on market development, the creation of distribution channels, and initiatives to promote on-chain adoption of a stablecoin backed by the UAE Dirham.
2. Institutional-grade Tokenized Assets: Collaboration will include the analysis of opportunities around sourcing, structuring, tokenization, and listing private credit, private equity, and technology-related assets tailored for institutional investors.
3. Ecosystem Development: The companies plan to work together on investments, support infrastructure, asset onboarding, and unified market launch strategies.

BlockBooster, known for its expertise in Web3 ventures and asset management, will play a vital role in the ecosystem's construction. The company is committed to ensure that projects stemming from this partnership adhere to relevant regulatory frameworks before operationalization.

Quotes from the Leaders

Ajay Bhatia, Principal Council Member of the ADI Foundation, remarked, "The future of digital finance will not be built on speculation, but on trust, regulated access, and real utility. This partnership with BlockBooster combines high-level market infrastructure with sovereign-grade blockchain technology to transform concepts into actionable solutions in the real financial system."

Samuel Gu, CEO and Founder of BlockBooster, expressed, "We see immense potential to collaborate with the ADI Foundation and Finstreet on fostering a compliant and scalable ecosystem for regulated tokenized products. Leveraging the infrastructure capabilities of the ADI Foundation alongside Finstreet's regulatory framework, BlockBooster aims to enhance asset onboarding and policy-compliant market activation."

About the Entities Involved

ADI Foundation

Based in Abu Dhabi, the ADI Foundation is dedicated to building sovereign-grade blockchain infrastructure, empowering governments and institutions to rapidly develop their digital economies. Founded by Sirius International Holding, the foundation aspires to bring 1 billion people into the digital economy by 2030, with a keen focus on social and economic inclusion.

Finstreet Limited

Finstreet Limited operates as a subsidiary of the International Holding Company (IHC) through Sirius International Holding. Headquartered in Abu Dhabi Global Market (ADGM), Finstreet comprises multiple licensed subsidiaries that manage various regulated activities ranging from operating trading facilities to private investment services.

BlockBooster

BlockBooster is recognized as a leading entity specializing in Web3 ventures and asset management, focusing on stablecoins and Real World Assets (RWAs). The company strives to bridge investors into the Web3 industry by co-building and investing in promising projects.

Conclusion

Through this collaboration, the ADI Foundation, Finstreet, and BlockBooster are poised to make significant strides toward a well-regulated ecosystem supporting tokenized products. The implications of their joint efforts could resonate across digital finance, fostering innovation and compliance in a rapidly evolving landscape. This partnership not only signifies progress within the UAE's financial technology sector but also sends a strong message about the future of regulated digital assets.

For further details, visit their official websites: ADI Foundation, Finstreet, and BlockBooster.