According to Foresight News, the TON Foundation has successfully registered under the decentralized ledger technology (DLT) framework of the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. This regulatory framework provides a structured legal foundation for decentralized organizations, facilitating smoother operations and governance.
The registration marks a significant step for the TON Foundation as it aims to expand its influence and application across the Middle East, North Africa, and the Asia-Pacific regions. The foundation's ambitious goal is to develop its ecosystem to reach 500 million users by 2028. By leveraging the structured legal environment provided by ADGM, the foundation seeks to enhance its operational capabilities and governance, thereby accelerating its growth and adoption in these key regions.