UAE ADI Foundation and Chainlink to integrate their blockchain platforms

Abu Dhabi ADI Foundation, an institutional blockchain platform founded by Sirius International Holding, the digital arm of IHC and Chainlink, oracle platform have partnered to integrate Chainlink and their Cross chain interoperability Protocol across the ADI Chain.

ADI Foundation, the Abu Dhabi-based institutional blockchain platform founded by Sirius International Holding – the digital arm of IHC, one of the largest investment companies in the world – and Chainlink, the industry-standard oracle platform, today announced a strategic partnership to integrate the Chainlink platform, including the Cross-Chain Interoperability Protocol (CCIP), across ADI Chain and its expanding ecosystem of institutional partners.

As per the press release, the partnership integrates Chainlink as an infrastructure provider for blockchain services across ADI Chain’s ecosystem, including oracle services for stablecoins and tokenized assets. ChainLink’s decentralized oracle network will provide price data and support reserve transparency mechanisms for stablecoins hosted on ADI Chain.

This comes after ADI Chain’s DDSC, a dirham-backed stablecoin initiated by IHC and FAB was recently licensed by the Central Bank of UAE.

Additionally the ADI Chain and Chainlink partnership will include offering net asset value verification and off chain connectivity to support tokenized securities and funds across ADI’s institutional partners.

Andrey Lazorenko, CEO of ADI Foundation noted that integrating Chainlink’s proven oracle network and CCIP (Cross Chain Interoperability Protocol) is essential for delivering institutional grade security and reliability that their partners require.

This is important as ADI builds digital rails for governments, central banks and enterprises across the Middle East, Africa and Asia, he added.

“This strategic partnership reflects a shared vision for what blockchain infrastructure can enable in emerging markets. Their decision to build on Chainlink validates what the world’s leading institutions already know: when security, reliability, and proven performance matter most, Chainlink is the clear choice.”, Johann Eid, Chief Business Officer, Chainlink Labs