In Abu Dhabi, the ADI Foundation, Finstreet Limited, and BlockBooster signed a Memorandum of Understanding to accelerate the development and adoption of regulated tokenized products and the related ecosystem infrastructure. The parties will pursue three priority areas: UAE Dirham-backed stablecoins, including market development, distribution channels, and on-chain adoption initiatives; institutional-grade tokenized assets, encompassing sourcing, structuring, tokenization, and listing of private credit, private equity, and technology-related assets suitable for institutional investors; and ecosystem development, including potential collaboration on investments, supporting infrastructure, asset onboarding, and coordinated go-to-market activities. Any projects arising from the MoU will be operationalized subject to relevant regulatory approvals.
Ajay Bhatia, Principal Council Member of the ADI Foundation, said: “The future of digital finance will not be built on speculation, but on trust, regulated access, and real utility. This partnership with BlockBooster brings together market infrastructure and sovereign-grade blockchain rails to move tokenized assets and stablecoin use cases from concept into execution; embedding blockchain as a functional layer of the real financial system.” Samuel Gu, CEO & Founder of BlockBooster, added: “We see strong potential to work alongside the ADI Foundation and Finstreet to support the development of a compliant and scalable ecosystem for regulated tokenized products. Building on the ADI Foundation’s infrastructure capabilities and Finstreet’s regulated market framework, BlockBooster will focus on supporting asset onboarding, market activation and coordinated go–to–market efforts within the appropriate regulatory frameworks, contributing to Abu Dhabi’s position as a hub for institutional–grade digital asset innovation.”
Background and context accompany the release: The ADI Foundation is described as an Abu Dhabi–based organization building sovereign-grade blockchain infrastructure that empowers governments and institutions to accelerate the growth of digital economies. It notes governance and regulatory alignment as core to its mission, including a foundation built by Sirius International Holding, the technology arm of IHC. The release also highlights Finstreet Limited, a subsidiary of IHC through Sirius International Holding, with licensed activities across regulated financial services, and BlockBooster as a Web3 venture studio and asset manager focused on stablecoins and real-world assets. The collaboration aims to position Abu Dhabi as a hub for institutional-grade digital asset innovation, subject to regulatory approvals.
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