XDC Network, an enterprise-grade Layer 1 blockchain designed for secure, scalable, and efficient operations that supports trade finance, real-world asset (RWA) tokenization, and decentralized applications for both enterprises and retail users, has announced its partnership with RAK Digital Assets Oasis to launch a Web3 accelerator in the UAE.

As per the X post, “The program offers support for fundraising, integration with XDC #blockchain , token launches, and regulatory guidance boosting early-stage Web3 innovation in the region.”

XDC noted on X, ” We signed an MOU with RAK DAO and launched a partnership for an acceleration program to bring more dApps onto the XDC Network and help companies register within RAK. This collaboration is set to empower the digital economy and support Web3 development in the region.

This announcement comes as XDC also partners with Plug and Play’s global open innovation platform to launch the XDC Payments Program. The program will identify and collaborate with the best payments-based web 3.0 solutions that can enrich the XDC Network.

Prior to that, Tether Operations Limited, creators of USDT digital currency has signed a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO). As per the press release this is the first step towards the launch of several strategic initiatives to help foster the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK) UAE.

Furthermore less than a month ago, Dr. Sameer Al Ansari, CEO of RAK DAO, announced the DAO Association Regime (DARe), a legal framework offering DAOs the clarity they need to operate securely within the UAE’s legal environment.

This framework provides two distinct models: the Startup DAO for emerging organizations with fewer than 100 members and the Alpha DAO for more mature entities with treasuries exceeding $1 million.

“With the introduction of DARe, we are proud to lead the way in providing a secure, legally recognized environment for DAOs to thrive,” said Dr. Sameer Al Ansari, CEO of RAK DAO. “This framework underscores the UAE’s commitment to embracing the future of decentralized governance, creating a globally recognized standard for DAO operations.”