Abu Dhabi Securities Exchange (ADX) has announced the issuance of a paper on infrastructure for crypto environments as it looks to manage the transition from conventional assets to more encrypted assets.
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ADX said it aims to “identify the technical and operational criteria required to issue crypto-assets, as well as provide a reliable reference to support financial institutions in managing the transition of the issuance of traditional and crypto-assets”.
“ADX continues its efforts to manage the transition from conventional assets to more encrypted assets, which are witnessing major and rapid development in the region.”
Al Blooshi highlighted the importance of upgrading financial market infrastructure and incorporating standards of governance within their systems to prevent market fragmentation, increase investor confidence and raise the quality of its infrastructure.
“Financial market infrastructure plays a pivotal role in supporting crypto markets, offering investor protection, preventing market fragmentation, as well as making it possible for financial institutions to provide advanced services in the field of crypto-assets,” he said.
“At ADX, we embrace new and innovative technology and are always looking to capitalise on advancements in FinTech; particularly in crypto-assets to optimise the benefits we offer to our investors and stakeholders,” he added.
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