DCM and ADI Chain to implement blockchain for tokenized deposits
ADI Foundation and DCM Corp Limited (“DCM”) have partnered to make blockchain adoption more practical for banks and financial institutions across MENA and Sub Saharan Africa to help banks issue manage and settle tokenized deposits on ADI Chain while integrating with their existing infrastructure.
Under the agreement, DCM will serve as ADI’s exclusive provider and implementation partner for Tokenized Deposit Solutions across MENA and Sub-Saharan Africa, while ADI will serve as DCM’s exclusive distribution and referral channel for those solutions on ADI Chain in the same territory.
As per the announcement, the partnership addresses one of the principal barriers to institutional blockchain adoption by eliminating the need for banks to replace or substantially rebuild core infrastructure to access blockchain-based financial services.
DCM’s Side-core platform is designed to operate alongside existing banking infrastructure, enabling institutions to introduce capabilities such as tokenized deposits while retaining their existing core systems, customer accounts, compliance processes and operational controls. ADI Foundation will provide the institutional blockchain infrastructure through ADI Chain, alongside regional relationships and market access to support adoption across MENA and Sub-Saharan Africa.
Svyatoslav Senyuta, Chief Business Officer at ADI Foundation notes that banks do not need another technology project, but rather blockchain adoption is for connecting new capabilities to the infrastructure banks already trust and operate every day. She adds, “DCM provides that connection while ADI provides the institutional blockchain infrastructure and regional reach across MENA and Africa. Together, we want to make tokenized deposits a deployable banking capability, rather than a multi-year transformation project.”
Maryna Virko, Director, DCM, explained “Banks should not have to choose between maintaining trusted core infrastructure and participating in the next generation of financial services. Partnering with ADI combines that technology with institutional blockchain infrastructure and a strong route to market across MENA and Africa, creating a practical model for banks looking to adopt blockchain without unnecessary disruption.”
Tokenized deposits are blockchain-based representations of commercial bank deposits. DCM’s model is designed so those deposits remain part of the bank’s existing balance-sheet and regulatory framework while gaining capabilities such as 24/7 transferability and programmable transaction logic. DCM describes its approach as adding digital rails to existing deposits rather than requiring banks to create a separate banking system.
ADI Chain is designed for institutional deployment, including financial services and tokenized assets. By combining this infrastructure with DCM’s integration technology, the partnership is intended to give banks a pathway from their existing core systems to blockchain-based financial infrastructure while maintaining the regulatory and operational controls required by financial institutions.
