Stacks Asia has partnered with the Abu Dhabi Global Market to foster Bitcoin adoption in the Middle East and Asia. This collaboration aims to promote educational initiatives for institutions and investors, with the goal of improving regulatory clarity. Stacks’ upcoming activities include workshops and the introduction of the Bitcoin Policy Bridge to engage with regulators.
The Stacks Asia DLT Foundation has made a significant move, becoming the first Bitcoin-centric organisation to plant its flag in the Middle East. This strategic decision targets the promotion of institutional adoption of Bitcoin, specifically through enhanced educational initiatives. The newly formed partnership with the Abu Dhabi Global Market (ADGM), recognised as one of the fastest-growing financial hubs globally, could pave the way for wider acceptance of Stacks’ Bitcoin layer-2 solution in both the Middle East and Asia.
Stakeholders expect this collaboration to be vital in influencing Bitcoin’s programmability and adoption in these areas. According to a recent announcement, it seems that educational programs and support for Bitcoin innovators will be at the core of this partnership. Kyle Ellicott, the executive director at Stacks Asia, pointed out that this initiative aims to smooth the pathway for institutions and investors to break into the expanding Bitcoin economy while also aiming for greater regulatory clarity and technical advancement.
Ellicott commented on the powerful alliance, suggesting it would significantly catapult Bitcoin adoption across the region. The ADGM is described as a “world-class global financial hub,” located in the UAE, famously dubbed the “Capitol of Capital.” The aim here is to intertwine capital flow with innovation to redefine the financial landscape for the future.
With the partnership kicking off in May, Stacks will roll out a series of both live and virtual events designed to empower institutions and facilitate the integration of Bitcoin into their operations. This knowledge sharing will help entities understand the potential of what they are calling “productive Bitcoin capital.”
In addition to focusing on local efforts, Stacks is championing a broader push for progressive Bitcoin regulations on a global scale, as Ellicott noted. The foundation seeks to balance decentralisation, security, and compliance as they aim to unlock Bitcoin’s potential capital flows.
A key part of their approach includes educating local regulatory officials about Bitcoin’s benefits, which could be transformative for the economy. Furthermore, they are working on the Bitcoin Capital Activation Framework—a proposed policy guide aimed at assisting regulators in maximising Bitcoin’s utility.
Additionally, in May, Stacks will announce the Bitcoin Policy Bridge—a collaborative group bringing together regulators from crucial jurisdictions across the Middle East and Asia. It’s helpful context to know that in February, the ADGM had already teamed up with the Solana Foundation to foster the growth of distributed ledger technology, which hints at the region’s warming up to cryptocurrency innovations.
