Avalanche Foundation Launches DLT Foundation in Abu Dhabi to Boost MENA Web3 Expansion

The Avalanche Foundation has announced the establishment of a Distributed Ledger Technology (DLT) Foundation within the Abu Dhabi Global Market (ADGM), marking a significant step in its strategy to expand Web3 adoption and enterprise collaboration in the Middle East and North Africa (MENA) region, according to avax.network.

Strategic Importance of ADGM

ADGM is recognized as one of the most advanced regulatory environments globally for overseeing foundations and decentralized organizations. Its regulations provide a purpose-built framework that allows blockchain-based entities to operate with transparent governance and utility-token-based operations. This offers an ideal setting for Avalanche’s decentralized models, facilitating compliant and durable regional growth.

Operational Framework of the Avalanche DLT Foundation

The newly established Avalanche DLT Foundation will serve as the primary regional hub for all of Avalanche's operations in MENA. It will consolidate existing initiatives and facilitate new programs, partnerships, and governmental collaborations, ensuring a streamlined and transparent operational structure. The foundation aims to foster enterprise engagement and developer outreach within a trusted regulatory framework.

Abu Dhabi as a Web3 Innovation Hub

Abu Dhabi is emerging as a pivotal center for digital assets and fintech innovation in the region. Its strategic position as a global capital and corporate hub, supported by strong governmental initiatives, makes it an attractive base for long-term technological expansion. The Avalanche Foundation has been actively involved in various regional activities, including participation in Abu Dhabi Finance Week and local ecosystem initiatives.

Avalanche's Commitment to Regional Development

By establishing the DLT Foundation in ADGM, Avalanche is enhancing its ability to engage in governance, support token-based arrangements, and conduct digital asset transactions with the transparency required by institutional partners. This move is expected to drive the next wave of Web3 adoption in MENA, reinforcing Avalanche's commitment to regional digital infrastructure development.

About the Avalanche Foundation

The Avalanche Foundation is a non-profit organization dedicated to promoting the growth and development of the Avalanche platform globally. It provides development programs for entrepreneurs, developers, and users, aiming to accelerate the expansion of the Avalanche ecosystem.