Abu Dhabi Securities Exchange (ADX) has published a “thought paper” on cryptocurrency and blockchain technology with a focus on upgrading its infrastructure for virtual asset issuances, United Arab Emirates (UAE) state news agency WAM reported on Tuesday. The move is part of ADX initiatives to bring fintech solutions to the existing securities market in a bid to offer new services and to widen its client’s base.
ADX’s crypto analysis examined the transition from traditional to new financial instruments. The thought paper researched topics related to the issuing of digital coin assets as well as blockchain technology implementation.
ADX should upgrade its infrastructure with DLT solutions and incorporate clear standards of governance be...
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