Stacks Asia DLT Foundation Registers with Abu Dhabi Financial Hub: Expanding Bitcoin DeFi Horizons

The Stacks Asia DLT Foundation has taken a significant step, registering its operations in the ADGM (Abu Dhabi Global Market). This strategic move positions Stacks to advance Bitcoin’s functionality within the DeFi space and establishes the foundation for developing innovative applications on Layer 2. By leveraging ADGM’s framework for Distributed Ledger Technology, Stacks plans to empower developers, educate institutions, and create pathways for Bitcoin-powered DeFi in Asia and the Middle East. The initiative aims to enhance Bitcoin’s programmability while solidifying its regulatory standing globally.