The Stacks Asia DLT Foundation has officially registered in the Abu Dhabi Global Market (ADGM), becoming the first Bitcoin-based foundation to establish a presence in the financial center.
Stacks Asia DLT Foundation Registers in ADGM to Advance Bitcoin L2 Innovation
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Bitcoin L2 Projects Get Support Through New ADGM Registration
According to the announcement shared with Bitcoin.com News, the foundation’s move aims to support Bitcoin layer two ( L2) development and adoption across the Middle East and Asia. By leveraging ADGM’s distributed ledger technology (DLT) framework, the foundation plans to collaborate with regional partners to advance Bitcoin programmability.
Stacks, the entity associated with the foundation, operates a Bitcoin L2 network intended to extend Bitcoin’s functionality without altering its base protocol. This initiative follows previous regulatory approval Stacks received from the U.S. Securities and Exchange Commission (SEC).
According to the foundation’s announcement, activities in ADGM will focus on educational programs, support for regulatory policy development, and promoting Bitcoin’s broader utility. This includes fostering decentralized finance ( DeFi) initiatives through solutions like sBTC, a 1:1 bitcoin (BTC)-backed asset launched on the Stacks mainnet.
The foundation noted that it also intends to contribute to digital asset regulation in Asia-Pacific and the Middle East, using Hong Kong as a strategic operational hub. It will work on expanding Bitcoin’s use cases, particularly in DeFi applications such as lending and trading.
ADGM Registration Authority CEO Hamad Sayah Al Mazrouei said the registration supports the region’s ambition to become a center for digital asset innovation. The announcement coincides with increasing institutional interest in Bitcoin-based technologies and decentralized solutions. Alongside this, the influx of crypto startups and projects gravitating toward the Abu Dhabi region has continued to build momentum.
