According to Foresight News, the Abu Dhabi Global Market (ADGM) has partnered with Polygon Labs to advance transparency, security, and trust in the blockchain sector by establishing international disclosure standards. These standards will be applicable to the Web3 and broader blockchain ecosystem.

This collaboration builds on ADGM’s pioneering distributed ledger technology (DLT) foundational regulations, aiming to create a robust regulatory framework for blockchain foundations and decentralized autonomous organizations (DAOs). ADGM stated that this initiative aligns with its vision of transforming Abu Dhabi into a globally recognized technology-driven financial services hub and setting new benchmarks in the blockchain industry. Sandeep Nailwal, the founder of Polygon, remarked that this partnership will lay the groundwork for trust among users, developers, and institutions in blockchain systems by enhancing transparency and disclosure standards, thereby furthering the global adoption of Web3 technology.