So, picture this: Stacks Asia DLT Foundation just waltzed into the Abu Dhabi Global Market like the first Bitcoin-based foundation ever to register there. Yeah, that’s right, they basically claimed the VIP table of the blockchain world.
This isn’t just another tech startup throwing a party. Nope. They’re on a mission to supercharge Bitcoin layer-2 tech across the Middle East and Asia — because apparently, Bitcoin alone just wasn’t complicated enough.
Our heroes at Stacks are taking advantage of ADGM’s Distributed Ledger Technology Foundations framework, which, trust me, sounds way more flexible than your last yoga class.
Kyle Ellicott, interim Executive Director (fancy title, right?), insists the choice was obvious — ADGM gets blockchain innovation and vibes perfectly with Stacks’ ecosystem goals. AKA, they’re all about making Bitcoin smarter without messing with its core. Like upgrading your phone without losing your selfies.
Regional Rumbles & Crypto Collabs
Stacks Asia isn’t just about showing off their new blockchain bling. They’re planning to buddy up with regional partners to teach the masses (blockchain 101, anyone?) and actually help shape how digital assets and Bitcoin yield products are regulated. So, yes, grown-ups in suits are finally trying to make sense of crypto.
Ellicott’s team will use Abu Dhabi as the launchpad to connect Asia-Pacific and UAE, with Hong Kong playing the nightclub host role. Their endgame? Make Bitcoin programmable and encourage some wild innovation in Bitcoin DeFi (decentralized finance) apps. Because why should Ethereum have all the fun?
Oh, and just when you thought it couldn’t get any geekier, they launched sBTC: a 1:1 Bitcoin-backed asset on the Stacks mainnet. It’s basically Bitcoin’s cooler cousin that lets users do all the fancy DeFi things like lending and trading — all while keeping the OG Bitcoin security. Serious nerd cred.
Meanwhile, Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority (bet that name sounds like he’s about to launch a space mission), declared that Stacks’ arrival signals the region is fast becoming a heavyweight in digital asset shenanigans and Bitcoin layer-2 wizardry.
So yeah, whether you love it or don’t understand a word, it looks like the Middle East & Asia just became Bitcoin’s new playground. Crypto drama incoming! 💥
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2025-04-28 19:05