News linked to both this project and an event.
ADI Chain has announced the completion of a $50 million funding round, with IHC participating. The project primarily focuses on stablecoin settlement and financial infrastructure development, with its ecosystem partnerships spanning compliant stablecoins, tokenized securities, institutional payments, Chainlink, ZKsync, and mainstream crypto wallets.
Abu Dhabi-based investment company International Holding Company (IHC) has completed a $30 million (approximately AED 110 million) transaction using the UAE dirham-pegged stablecoin DDSC on the ADI Chain—marking DDSC’s first major institutional-level application following its regulatory approval. DDSC was jointly launched by IHC, First Abu Dhabi Bank, and Sirius International Holding, and has received approval from the Central Bank of the UAE. The project team stated that this milestone demonstrates the UAE’s digital payment infrastructure is now capable of supporting institutional-grade transactions, and paves the way for establishing digital trade and payment corridors linking the Middle East with global markets.
According to The Block, BNY announced the expansion of its crypto custody business into the Abu Dhabi Global Market (ADGM) in the UAE through partnerships with Finstreet and the ADI Foundation, offering institutional clients crypto-asset custody services. Initially, the service will support custody for BTC and ETH. The three parties will subsequently explore extending these services to the ADI Foundation’s underlying blockchain infrastructure and gradually expand to stablecoins, tokenized real-world assets, and other regulated digital instruments.
According to CoinDesk, BNY Mellon—the world’s largest custodian bank, with $59 trillion in assets under custody—has announced a partnership with Finstreet and the ADI Foundation to launch digital asset custody services in the UAE, operating under the regulatory framework of the Abu Dhabi Global Market (ADGM). Initially, the service will focus on custody for Bitcoin (BTC) and Ethereum (ETH), with plans to later expand to stablecoins and tokenized assets.