The agreement aims to establish security standards and on-chain monitoring solutions within the DLT Foundations framework of Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital. ADGM has partnered with Hacken, a prominent global provider of blockchain security auditing services, through a Memorandum of Understanding (MoU). This collaboration is intended to set new benchmarks for blockchain security and compliance by leveraging the combined expertise of a regulatory authority and a security auditing firm, paving the way for a world-leading standard in security assessments within the blockchain industry.

The collaboration outlined in the MoU involves ADGM’s Registration Authority (RA) working in conjunction with Hacken to develop security standards and on-chain monitoring solutions within ADGM’s DLT Foundations framework. By joining forces, both entities are poised to play a pivotal role in establishing a secure blockchain ecosystem, highlighting ADGM’s dedication to innovative regulatory frameworks and Hacken’s commitment to enhancing blockchain security on a global scale.

Key areas of focus identified in the MoU include the development of security and compliance standards, the implementation of sophisticated monitoring mechanisms for DLT Foundations, and the creation of AI-driven monitoring solutions.

Dyma Budorin, the co-founder and CEO of Hacken, underscored the importance of this collaboration, expressing gratitude for the opportunity to assist ADGM in this groundbreaking initiative. Drawing on Hacken’s experience in collaborating with public sectors, such as conducting audits for the European Blockchain Services Infrastructure and partnering with government entities, Budorin emphasized that this partnership sets a new global benchmark for blockchain security and compliance standards.

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