Chainlink Labs is expanding its presence in the Middle East and North Africa (MENA) region by setting up an office and entity in Abu Dhabi. The expansion will be overseen by the regulatory authority of the Abu Dhabi Global Markets (ADGM). Chainlink Labs aims to form strategic partnerships with financial market infrastructure providers and institutions in the region. The move comes as Chainlink's technology continues to power platforms and protocols globally, enabling over $17 trillion worth of value in the blockchain economy. The company has key partnerships with Swift, Fidelity International, and ANZ Bank, and has integrations with decentralized finance protocols such as Aave and Lido. The MENA region's growing market for tokenized real-world assets has contributed to Chainlink's increased traction in the region.
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