According to Foresight News, the Abu Dhabi Global Market (ADGM) and Polygon Labs announced a partnership aimed at promoting transparency, security and trust in the blockchain sector by developing international disclosure standards.

These standards will apply to Web3 and the wider blockchain ecosystem, building on ADGM’s world-first distributed ledger technology (DLT) foundational regulations.

ADGM said the move is in line with its vision to make Abu Dhabi a global technology-driven financial services hub and set a new benchmark in the blockchain sector. Polygon’s founder said the partnership will enhance the foundation of trust and promote the global adoption of Web3 technology.