Abu Dhabi, UAE — In a significant move to solidify the UAE’s position as a global leader in blockchain innovation and digital assets, the Securities and Commodities Authority (SCA) has signed a Memorandum of Understanding (MoU) with The Blockchain Center (ADBC).
The MoU was signed by H.E. Waleed Saeed Al Awadhi, CEO of the SCA, and Mr. Abdulla Mohamed Al Dhaheri, CEO of the Blockchain Center, marking the beginning of a strategic collaboration aimed at enhancing cooperation in blockchain adoption, fostering innovation, and nurturing talent in the digital asset space.
Under this partnership, both entities will work together to attract and register virtual asset service providers (VASPs) and cryptocurrency exchanges. Additionally, the collaboration will focus on developing efficient mechanisms for digital token registration and establishing a robust compliance and regulatory infrastructure in the UAE.
Speaking on the occasion, H.E. Waleed Saeed Al Awadhi emphasized the importance of strategic partnerships in driving the UAE’s innovation agenda:
“This MoU aligns with our commitment to creating a secure, transparent, and thriving environment for digital asset activities. Our collaboration with The Blockchain Center will play a vital role in accelerating blockchain adoption and regulatory maturity.”
Mr. Abdulla Mohamed Al Dhaheri echoed the sentiment, stating:
“We are proud to join hands with the SCA to drive blockchain innovation and build an ecosystem that supports sustainable growth, technological advancement, and talent development in the UAE.”
This partnership marks a major milestone in the UAE’s journey toward becoming a global hub for digital assets and blockchain technologies, reinforcing its commitment to future-forward financial infrastructure.
