ADGM Unveils First-of-Its-Kind Regulations for Web3 Foundations

The ADGM introduced comprehensive regulations for Web3 organizations, claimed to be the first of its kind.

The regulations allow creating "DLT Foundations" by submitting governance details and assets.

Foundations must disclose key figures' names and have "DLT Foundation" in their name.

Foundations cannot conduct activities licensable by the ADGM Financial Authority.

The regulations are part of ADGM's strategy to grow its blockchain and crypto profile.