The IOTA Ecosystem DLT Foundation has become the first Distributed Ledger Technology (DLT) foundation to register with the Abu Dhabi Global Market (ADGM) in the United Arab Emirates, marking a pioneering step in the field. Aimed at developing the IOTA ecosystem, the foundation will receive an investment exceeding 100 million dollars in IOTA tokens. The primary goal is to support community-focused initiatives, encourage the expansion of the IOTA protocol, and enhance regulatory compliance.
In September, IOTA announced plans to establish a new foundation in Abu Dhabi as a strategic move for global expansion. Today, the IOTA Ecosystem DLT Foundation has successfully completed its registration under ADGM’s DLT Framework, securing a leading position in bridging digital and real-world assets, particularly in the Middle East and North Africa (MENA) region.
Working closely with ADGM authorities, IOTA aims to reshape the regulatory environment by creating a link between traditional finance and the digital realm. ADGM’s forward-thinking regulatory framework provides the ideal groundwork for this collaboration, guiding the seamless integration of institutional investors and assets into the digital ecosystem.
Over the next four years, the IOTA Ecosystem DLT Foundation will receive an investment of over 100 million dollars in IOTA tokens. This fund will play a crucial role in nurturing the IOTA ecosystem and supporting the growth of the IOTA protocol. With a community-focused approach, the foundation will seek partnerships with institutional investors, governments, and academic institutions to ensure the adoption of IOTA.
One of the foundation’s focal points extends to the tokenization of real-world assets, alongside the potential investment of billions of dollars into the UAE’s crypto asset space. This move aligns with IOTA’s vision to cultivate a thriving crypto community within the ADGM ecosystem.