Stacks Asia Registers with ADGM to Boost Bitcoin Layer-2 Expansion

Apr 28, 2025, 8:01 p.m. 3 sources positive
The Stacks Asia DLT Foundation has become the first Bitcoin-based foundation to register within the Abu Dhabi Global Market (ADGM). This milestone is intended to support and accelerate the expansion of Bitcoin layer-2 technology across Asia and the Middle East by leveraging ADGM’s flexible Distributed Ledger Technology framework. In addition to reaffirming its regulatory position following U.S. SEC approval, the foundation plans to collaborate with regional partners, run educational programs, and work with policymakers to shape future digital asset regulations. The initiative also coincides with the recent launch of sBTC, a Bitcoin-backed asset on the Stacks mainnet that facilitates DeFi activities such as lending and trading. Overall, the move highlights growing institutional and regional interest in Bitcoin innovation and underscores the increasing role of regulatory hubs like ADGM in the broader digital asset landscape.
Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.