Bitcoin-Based Stacks Asia Foundation Partners with Abu Dhabi Global Market
Stacks Asia DLT Foundation has become the first Bitcoin-based organization to establish an official presence in the Middle East through a new partnership with the Abu Dhabi Global Market (ADGM). The collaboration was announced on April 28 and aims to promote institutional Bitcoin adoption in the Middle East and Asia regions.
The partnership with ADGM, one of the world's fastest-growing financial centers, is expected to boost the adoption of Stacks' Bitcoin layer-2 solution. According to the announcement, the collaboration will focus on educational programs and support for Bitcoin builders in these regions.
Kyle Ellicott, executive director at Stacks Asia DLT Foundation, stated that the partnership will help set new standards for regulatory clarity and technical growth for global Bitcoin capital. He described ADGM as a "world-class global financial hub at the heart of the United Arab Emirates" where capital and innovation come together.
This partnership comes as major financial institutions recognize Bitcoin's changing role. BlackRock's head of thematics, Jay Jacobs, recently noted that central banks are diversifying away from dollar-based reserves toward gold and Bitcoin amid geopolitical tensions, with BlackRock's own Bitcoin ETF now holding approximately $53.77 billion in assets.
Beginning in May, the foundation plans to host a series of live and virtual events designed to help institutions integrate Bitcoin into their operations. These events will focus on teaching about "productive Bitcoin capital" opportunities and practical application of the technology.
As a leading Bitcoin scalability solution, Stacks is also advocating for progressive global regulations. Ellicott noted that the team is engaged in worldwide conversations to promote frameworks that balance decentralization, security, innovation, and compliance related to Bitcoin capital.
The foundation is developing the Bitcoin Capital Activation Framework, a policy blueprint to assist regulators in enabling Bitcoin utility in their jurisdictions. Additionally, Stacks Foundation will launch the Bitcoin Policy Bridge in May, a working group bringing together regulators from key jurisdictions across the Middle East and Asia.
This development follows ADGM's February memorandum of understanding with the Solana Foundation, which was focused on advancing distributed ledger technology development.
