Abu Dhabi Global Market (ADGM), UAE Capital’s International Financial Center, has signed an Agreement Memorandum with Chainlink to collaborate on a compatible framework for tokenized assets.

The agreement gives ADGM access to chainlinks package of blockchain tools, including dataafeeds and interoperability services as it works to promote blockchain innovation under its registration authority, according to a press release.

Chainlink has said its tools have already activated over $ 20 trillion in transaction value activated globally and is used by large financial market institutions.

During the memorandum, there will also be legislative discussions about blockchain, artificial intelligence and other new technologies as well as a number of events aimed at educating UA’s economic ecosystem. The blanks will include tokenization, proof of reserves and infrastructure across chain core components of regulated digital asset markets.

“By working with Chainlink, we aim to set a global benchmark that spearheads transparency, security and confidence across the blockchain room,” said Hamad Sayah Al Mazrouei, CEO of ADGM’s registration authority.