TON DLT Foundation Establishes Operations Under ADGM Framework

(MENAFN- The Arabian Post) The TON DLT Foundation has officially announced its incorporation under the Abu Dhabi Global Market's (ADGM) Distributed Ledger Technology (DLT) Foundations Framework. This strategic move marks a pivotal step in advancing blockchain innovation and regulation within a globally recognized hub for financial and technological development. As part of its ambitious plan to facilitate widespread adoption of the TON Blockchain, the foundation has set a clear target to empower 500 million users by 2028. To achieve this, it will focus on accelerating core technological advancements and expanding the blockchain's footprint across the Middle East, North Africa (MENA), and Asia-Pacific (APAC) regions. The foundation's operations will emphasize enhancing TON's scalability, usability, and developer ecosystem. ADGM has emerged as a leading jurisdiction for DLT entities, fostering an ecosystem that combines progressive regulatory measures with robust compliance standards. Its DLT Foundations Framework has been instrumental in attracting innovative blockchain projects, positioning Abu Dhabi as a key player in global blockchain adoption. The TON DLT Foundation's decision to establish itself within ADGM underscores the market's reputation as a conducive environment for growth and innovation in the blockchain sector. The foundation's presence in the MENA and APAC regions aims to capitalize on the rapid digital transformation underway in these areas. By focusing on these markets, TON seeks to tap into the burgeoning interest in blockchain technology, driven by both public and private sector initiatives. The foundation is expected to work closely with regional stakeholders to promote blockchain adoption, highlighting its potential to streamline financial services, enhance transparency, and foster innovation.">

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