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.”
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