Stacks Asia Foundation becomes the first Bitcoin-based foundation recognized by ADGM

The press release shows that the entity has registered at the Stacks Asia DLT Foundation with ADGM (Abu Dhabi Global Market).

The Stacks Asia Foundation has registered with Abu Dhabi Global Market (ADGM) as a Distributed Ledger Technology (DLT) Foundation. This makes it the first Bitcoin-based foundation to be officially recognized by ADGM.

The foundation is now able to operate in accordance with ADGM’s DLT framework, which provides a supportive ecosystem for blockchain projects.

The move underscores the burgeoning crypto landscape in the Gulf and Asia-Pacific. It also marks a new era of Bitcoin adoption and institutional legitimacy in two of the fastest-expanding crypto markets.

The certification by ADGM, a leading financial free zone in the Middle East, adds another layer to the narrative of crypto integration in the region.

Earlier this year, Binance, the world’s largest cryptocurrency exchange by trading volume, received a license to operate in Abu Dhabi.

Progammable Bitcoin sparks interest in STX

The milestone has sparked interest in Stacks’s native token, which appears ready for an upsurge after maintaining its crucial levels despite a massive pullback.

The altcoin targets $1.20 after reclaiming the 14 Exponential Moving Average as dependable support.

That would mean an over 30% surge from STX’s current price.

The move could open the doors for explosive gains to $3, about a 72% surge.

However, a break below the $0.5 support barrier will delay STX’s projected surge and catalyze extended consolidations or price dips.

Abu Dhabi Global Market’s DLT Foundations regime is becoming the new home for DAOs and web3 undertakings.

The framework supports simplified token issuance, flexible and asset-based governance, and legal recognition of smart contracts.

Entities do not require a physical presence in the United Arab Emirates to enjoy its perks.

The Stacks Asia Foundation will likely leverage this framework to scale its operations worldwide without friction.

Stacks is transforming into a DeFi powerhouse

The legal move builds on the firm’s ongoing objective to expand Bitcoin’s utility without impacting its base layer.

Stacks launched the 1:1 BTC-tied programmable asset sBTC early in 2025.

The product has opened the path for trading, lending, and dApps built atop BTC’s infrastructure.

With ADFM’s recognition, Stacks Asia plans to drive Bitcoin-powered decentralized finance in the Middle East and Asia.

Besides working with regional regulators, the firm will educate institutions and investors on programmable Bitcoin.

“We chose to establish our presence in ADGM because of their unparalleled commitment to fostering innovation in the blockchain space,” said Stacks Asia Foundation executive director Kyle Ellicott.

“Their forward-thinking approach to policy-making aligns perfectly with the Stacks ecosystem’s history of creating pathways for Bitcoin builders.”

ADGM Registration Authority CEO Hamad Sayah Al Mazrouei added: “The Stacks Asia DLT Foundation’s registration in ADGM highlights our commitment to fostering transformative technologies. As more leading blockchain foundations choose ADGM as their regulatory home, the region continues to serve as a key location for innovators looking for a secure and forward-thinking environment.”