The TON Foundation, the non-profit organization behind The Open Network (TON) blockchain, has officially registered with the Abu Dhabi Global Market (ADGM) under its Distributed Ledger Technology (DLT) Foundations Regime. This significant development reinforces ADGM’s status as a global blockchain hub, as the TON Foundation becomes the second major blockchain project to join, following the IOTA Foundation.
ADGM’s Groundbreaking DLT Foundations Regime
In November 2023, ADGM introduced the world’s first Distributed Ledger Technology (DLT) Foundations Regime, designed to provide blockchain foundations with a dedicated legal and operational structure. This pioneering initiative aims to foster blockchain innovation by offering a secure and compliant regulatory framework for digital asset projects.
The DLT Foundations Regime has already attracted leading players, starting with the IOTA Foundation, which joined in 2023 to drive $100 million in DLT adoption across the Middle East. Now, with the inclusion of the TON Foundation, ADGM reinforces its position as a premier destination for blockchain foundations.
What This Means for the TON Foundation?
By registering with ADGM, the TON Foundation gains access to a forward-thinking jurisdiction known for its robust regulatory environment and strong financial infrastructure. As part of ADGM’s ecosystem, TON is well-positioned to expand its operations across the Middle East, North Africa, and Asia-Pacific regions.
With an ambitious goal to reach 500 million users by 2028 and deep integration with Telegram’s ecosystem, the TON Foundation’s move to ADGM reflects its commitment to regulatory compliance and strategic growth.
Abu Dhabi: A Growing Hub for Blockchain Foundations
ADGM’s success in attracting global blockchain projects like IOTA and TON demonstrates the strength of its DLT Foundations Regime. This innovative framework provides organizations with the tools to operate securely and efficiently while contributing to Abu Dhabi’s growing reputation as a leader in digital asset innovation. By creating a regulatory environment that combines compliance with flexibility, ADGM enables blockchain foundations to thrive, fostering collaboration and technological advancements. The registration of the TON Foundation further solidifies Abu Dhabi’s position as a global blockchain hub.
