According to the Daily Planet, Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with the Solana Foundation to advance the development of distributed ledger technology (DLT). The two parties have not announced any specific measures for the time being, but will explore development opportunities under ADGM's DLT Foundation Regulations (which will be introduced in November 2023). According to a statement released by ADGM, ADGM and Solana will seek to expand existing projects in the international financial center.