DLT Foundations in the ADGM

May 05, 2023

the great ziggurat temple of the foundation of heaven and earth as illustrated by Ivan Bibilin

ADGM - Proposal for Legislative Framework for Foundations that facilitate DLT and token issuance

 Bitcoin again?

It’s the tech, not the coin.

Ah ok. Go on.

The paper speaks about DAOs as governance structures being implemented as DLT Foundations in the ADGM. Current ADGM Foundations are centered around confidentiality and privacy, whereas DLT projects demand openness and transparency. Hence a new regime.

5 sentences please.

  1. CSP needed

  2. Minimum initial asset value of US$ 25k

  3. Tokenholder voting mechanisms expressly provided

  4. Tokens may have to be regulated if applicable

  5. Accounting and audit mandatory

 Interesting. I want to know more.

Deep dive here!

The Riffle

The ADGM comes out (yet again) with a path-breaking initiative in the region, by proposing a specific framework for DLT Foundations.