Share this article
Abu Dhabi Enacts DLT Framework for DAOs, Web3, TradFi Firms
The UAE's second-most populous emirate has taken the first steps to legalize the operations of decentralized entities such as DAOs.
Updated Nov 2, 2023, 4:29 p.m. Published Nov 2, 2023, 4:29 p.m.
Abu Dhabi, the UAE's second-most populous emirate, has taken the first steps to legalize the operations of decentralized entities such as DAOs.
Abu Dhabi has unveiled a new regulatory framework for decentralized autonomous organizations (DAOs) and other entities built on distributed ledger technology (DLT), marking the first push toward such a framework by a Middle Eastern territory, the Registration Authority of Abu Dhabi Global Market (ADGM) said Thursday in a statement.
STORY CONTINUES BELOW
The framework, effectively immediately, enables DAOs, which have long operated within a legal grey area, to operate legally and issue tokens to their members.
Distributed ledger technology, which provides the basis for blockchain networks, is a system of recording and storing information on different ledgers within a network to ensure data accuracy and security.
The move forms part of a larger initiative to "foster initiatives in the broader blockchain and digital asset realm" in Abu Dhabi, the United Arab Emirates’ second-most populous territory after Dubai.
Abu Dhabi is vying to become a crypto hub alongside Dubai as the UAE embraces the digital assets sector and has a regulatory framework that can be valuable for firms looking for regulatory clarity, in contrast to elsewhere in the world.
"The new regime serves as a driving force for positive change in the digital assets sector," ADGM Chairman Ahmed Jasim Al Zaabi said in a statement.
"By transforming the blockchain and Web3 landscape, we are moving towards a future characterized by setting global benchmarks with enhanced transparency and efficiency,” he added.
Read more: Why Crypto Companies Are Warming to the United Arab Emirates
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
Ano ang dapat malaman:
- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
Top Stories
