ADGM and Hacken Partner to Set New Blockchain Security Standards

Abu Dhabi Global Market (ADGM) and Hacken, a global blockchain security auditing firm, have joined forces to revolutionize the blockchain industry with a Memorandum of Understanding (MoU) signed on 24 April. This strategic partnership aims to establish new benchmarks for blockchain security and compliance, setting a world-leading standard in the industry.

ADGM stated that the collaboration between a regulatory body and a security auditor is a unique synergy that will drive innovation in security assessment. Under the MoU, ADGM’s Registration Authority (RA) will work closely with Hacken to develop security standards and on-chain monitoring solutions within ADGM’s DLT Foundations framework.

Key elements of the partnership include the development of security and compliance standards, advanced DLT foundation monitoring arrangements, and the creation of AI-enhanced monitoring solutions. Hamad Sayah Al Mazrouei, CEO of ADGM RA, emphasized the commitment to global standards in regulatory compliance and security through the integration of blockchain and AI technologies.

Dyma Budorin, co-founder and CEO of Hacken, highlighted the firm’s experience in working with public sectors and government entities, stating that this partnership will set a new global standard for blockchain security and compliance. Together, ADGM and Hacken are pioneering a model of regulatory excellence that enhances transparency, security, and trust in the digital landscape.

This collaboration represents a significant step forward in the evolution of blockchain security and compliance, showcasing the potential for innovative solutions in the industry. With a focus on setting unprecedented global standards, ADGM and Hacken are leading the way towards a more secure and trustworthy blockchain ecosystem.