The ADI Foundation ADI, Finstreet Limited Finstreet, and BlockBooster have signed a Memorandum of Understanding MoU to explore a strategic collaboration aimed at accelerating the development and adoption of regulated tokenized products and supporting ecosystem infrastructure. The partnership is designed to strengthen Abu Dhabi's position as a hub for institutional-grade digital asset innovation, leveraging blockchain technology for regulated financial products.
Under the MoU, the parties will focus on three priority areas. The first is the development of UAE Dirham-backed stablecoins, including market development, distribution channels, and initiatives to drive on-chain adoption. The second area is institutional-grade tokenized assets, which involves sourcing, structuring, tokenization, and listing of private credit, private equity, and technology-related assets suitable for institutional investors. The third focus area is ecosystem development, covering investment collaboration, infrastructure support, asset onboarding, and coordinated go-to-market activities.
BlockBooster, a Web3 venture studio and asset manager specializing in stablecoins and real-world assets RWAs, will explore collaboration opportunities with ADI Foundation and Finstreet. All initiatives arising from the MoU will be implemented subject to applicable regulatory approvals, ensuring compliance and secure adoption within Abu Dhabi's financial ecosystem.
