Chainlink (LINK) Partners ADGM to Boost Presence in Abu Dhabi, Trading Volume Soars

Chainlink, a decentralized oracle network that connects smart contracts to real-world data, has announced a strategic partnership with the Dubai-based Abu Dhabi Global Market (ADGM), the leading United Arab Emirates (UAE, International Financial Centre (IFC), to boost its presence in the region.

We’re excited to announce that @ADGlobalMarket—Abu Dhabi’s premier international financial center—and Chainlink have forged an alliance.

The alliance will maximize the utility of tokenized assets in the UAE while ensuring regulatory compliance.https://t.co/oYwl96NSXI pic.twitter.com/OpJ4CCW5wP

— Chainlink (@chainlink) March 24, 2025

Recently, the UAE has lightened its crypto regulations, welcoming many blockchain services and crypto firms to its region. The latest partnership with Chainlink has further pushed it into the crypto ecosystem. Recall that Chainlink established its regional office in the Middle East in mid-December.

Blockchain Advancement

According to ADGM’s recent press release, its alliance with Chainlink is a major step toward secure crypto asset transactions and regulations, as it will create a compliant tokenization framework.

Concurrently, Chainlink will provide technical expertise to maximize the utility of tokenized assets while abiding by local regulations. The alliance will also make it easier for projects approved under ADGM’s Registration Authority to innovate and grow while maintaining regulatory compliance.

Following the partnership, ADGM and Chainlink will discuss tokenization, interoperability, and emerging blockchain standards, thus disseminating blockchain knowledge to businesses and regulators within the region.

Commenting on the partnership’s intended positive outcome, Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority, said:

“This strategic alliance is a significant step in further solidifying ADGM’s leadership in enabling blockchain innovation and enhancing alignment in the regulatory approach globally. By collaborating with Chainlink, we are aiming to set a global benchmark that spearheads transparency, security, and trust across the blockchain space.”

Trading Volume Reacts

Based on data from CoinMarketCap, LINK’s 24-hour trading volume, the native crypto of Chainlink, soared by a whopping 85% to reach $400 million as investors switched attention to the crypto.

The token saw a 5% price surge following the partnership and sits above the $15 mark at press time. Its market capitalization also soared to $9.9 billion, cementing its position as the world’s eleventh crypto by capitalization.