Stacks Asia Foundation Launches Operations in ADGM, Fueling Bitcoin L2 Growth

The Stacks Asia DLT Foundation, the first Bitcoin-based foundation to register within the Abu Dhabi Global Market (ADGM), has made a significant move to support the expansion of Bitcoin layer-2 technology across the Middle East and Asia. The foundation will leverage ADGM’s Distributed Ledger Technology Foundations framework, known for its flexibility, to facilitate this endeavor. Kyle Ellicott, interim Executive Director of Stacks Asia DLT Foundation, highlighted the decision’s alignment with ADGM’s support for blockchain innovation and Stacks (STX) ecosystem goals.