CompaniesMENA News

ADGM and Hacken Partner to Elevate Blockchain Security Standards

Abu Dhabi Global Market (ADGM), has joined forces with Hacken, a global leader in blockchain security auditing, to establish new benchmarks for security and compliance in the blockchain industry. This strategic partnership marks a unique collaboration between a regulatory body and a security auditor, aiming to develop a world-leading security assessment standard.

Building a Secure Blockchain Ecosystem

Through a signed Memorandum of Understanding (MoU), ADGM’s Registration Authority (RA) will work with Hacken to develop advanced security standards and on-chain monitoring solutions for ADGM’s DLT Foundations framework. This collaboration positions both organizations at the forefront of fostering a secure and trusted blockchain ecosystem, as highlighted by Hamad Sayah Al Mazrouei, CEO of ADGM RA: “This partnership with Hacken underscores our commitment to setting global benchmarks in blockchain security and regulatory compliance. By leveraging AI and fostering a collaborative approach, we are pioneering a new model for SupTech that promotes transparency, security, and trust in the digital landscape.”

Key Focus Areas of the Partnership

  • Developing Industry-Leading Security and Compliance Standards: The partnership will focus on creating robust security and compliance standards for blockchain projects within the ADGM jurisdiction.
  • Advanced DLT Foundation Monitoring: ADGM and Hacken will collaborate on implementing advanced monitoring solutions to identify and mitigate potential security risks within the DLT Foundations framework.
  • Harnessing AI for Enhanced Security: The partnership will explore the integration of AI-powered solutions to further strengthen blockchain security and monitoring capabilities.

Dyma Budorin, Co-Founder and CEO of Hacken, echoed this sentiment, stating: “We are honored to support ADGM in this groundbreaking initiative. Our proven track record in working with public sectors positions us well for this partnership. Together, we will set a new global standard for blockchain security and compliance.”

News Desk

UNLOCK Blockchain News Desk is fueled by a passionate team of young individuals deeply immersed in the world of Blockchain and Crypto. Our mission? To keep you, our loyal reader, on the cutting edge of industry news. Drop us a line at info(@) to connect with our team and stay ahead of the curve!

Related Articles

Back to top button