Zokyo Navigates Solana into the ADGM Framework: A Major Step in Web3 Compliance
29 nov 2024
2 Minutes
Zokyo has been instrumental in supporting the Solana Foundation in its successful tokenized setup under the 2023 Distributed Ledger Technology (DLT) Foundations Regulations of the Abu Dhabi Global Market (ADGM).
This milestone highlights a pivotal achievement for the Solana Foundation while also reflecting the increasing importance of regulatory compliance in the evolving digital asset landscape. As a key player in this space, Zokyo continues to lead in developing secure, compliant frameworks that foster the growth of tokenized economies worldwide.
Ensuring Solana’s Alignment with ADGM Regulations
The registration process included a thorough compliance audit of the prospective ADGM foundation’s documentation, ensuring full alignment with the ADGM DLT Foundations 2023 regulations. Zokyo’s approach, which began with an initial assessment and evolved through collaborative workshops with the foundation’s team, culminated in a comprehensive final report. This meticulous process guaranteed that all applicable legal and regulatory requirements were fully met.
The Growing Importance of Regulatory Compliance
As regulatory scrutiny tightens worldwide, compliance has shifted from being optional to an essential pillar for sustainable growth. The EU, with frameworks like MiCA, is leading efforts toward a unified approach to crypto regulation, while the US and UK are adopting more fragmented and stringent laws that risk stifling innovation.
In this evolving landscape, having a trusted compliance partner to navigate these complexities is vital for the success and legitimacy of companies leveraging blockchain technology.
Navigating ADGM Framework with Zokyo
Recognized by the ADGM Registration Authority for its high-caliber compliance audits, Zokyo has firmly established itself as a premier service provider within Abu Dhabi’s regulatory framework for distributed ledger technologies. By working closely with the Registrar, Zokyo continues to drive the adoption of tokenized foundations and fully compliant DLT solutions.
Reach out to us to learn more about navigating regulatory compliance for your Web3 project or establishing a tokenized ADGM foundation.
About Zokyo
Zokyo is a leading web3 security firm focused on protecting blockchain organizations from cyber threats. We specialize in offensive cybersecurity, token economics, cryptography, and reverse engineering, advising across ecosystems like EVM, Solana, Ton, Move, and more. Zokyo Ventures, our tech-first investment arm, strategically backs early-stage digital asset companies, driving innovation in the space.