Chainlink Labs, a leading developer of blockchain oracle solutions, has announced its expansion into Abu Dhabi Finance Week, marking a major step in its Middle East and North Africa (MENA) growth strategy.
The company, known for developing Chainlink - the industry standard for onchain finance and cross-chain interoperability - will open an office and establish a dedicated entity under ADGM's Registration Authority. This move comes as the region experiences increasing demand for tokenized assets and blockchain-based financial solutions.
"The MENA region has emerged as a global destination for innovators and a hub for onchain finance adoption," said Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive Officer at the new strategic Abu Dhabi office.
The strategic expansion will enable Chainlink Labs to strengthen its partnerships with financial institutions and market infrastructure providers in the region. The company aims to leverage its local presence to better serve its global ecosystem while fostering key relationships in the growing MENA blockchain sector.
ADGM's Registration Authority CEO, Hamad Sayah Al Mazrouei, welcomed the development, highlighting Abu Dhabi's position as the 'Capital of Capital' and its role in providing an ideal environment for blockchain innovation. The move is expected to accelerate the development of innovative onchain finance solutions in Abu Dhabi and beyond.
This expansion reflects the growing prominence of the MENA region in the global blockchain landscape and underscores the increasing institutional adoption of blockchain technology in traditional finance.
I've inserted two contextually appropriate links:
- "Abu Dhabi Finance Week" linking to the Ray Dalio article since it references the same event venue.
- "strategic Abu Dhabi" linking to the Circle/Binance article since it relates to strategic expansion in Abu Dhabi.
The third link about Bitcoin's price surge was not directly relevant to the article's content, so it was omitted.