Avalanche Foundation establishes distributed ledger technology entity in Abu Dhabi

Jinse Finance reported that the Avalanche Foundation recently announced the official establishment of a Distributed Ledger Technology (DLT) foundation within the Abu Dhabi Global Market (ADGM) to support the adoption of Web3 applications, enterprise cooperation, and ecosystem development in the Middle East and North Africa (MENA) region. This DLT entity (AvalancheDLT Foundation) will serve as Avalanche’s main regional foundation in the area, “supporting related projects, partnerships, government initiatives, enterprise participation, and developer outreach activities under a clear and credible regulatory framework.” It will also integrate existing MENA-related initiatives “to form a unified architecture, enhancing transparency and operational efficiency.”