/// Executive Intelligence
- 01
Binance Global has migrated its domicile to ADGM, bringing 300 million users under Abu Dhabi regulation.
- 02
ADGM signed a partnership with Tether to allow government tax and property payments using top 100 cryptocurrencies.
- 03
R3 is pivoting to Solana to tokenize heavy industrial assets, including $100M+ commercial ships funded by sovereign wealth.
The narrative that regulation stifles innovation has been effectively dismantled in Abu Dhabi. During a fireside chat at Solana Breakpoint, ADGM regulator Dmitry Fedotov disclosed that Binance Global has officially migrated its domicile to the jurisdiction, bringing its massive 300-million-user base under ADGM oversight. This move, coupled with a newly signed agreement with Tether to enable government and B2B payments in major cryptocurrencies, positions Abu Dhabi not merely as a regional hub, but as the primary regulatory clearing layer for the institutional digital economy.
For investors, the signal is clear: smart capital is moving on-chain, and it is originating from the Gulf. R3 CEO David Rutter, whose firm has historically focused on private banking consortiums, declared the company is now "all in" on Solana. Rutter highlighted a critical mismatch between current on-chain yields and Wall Street's requirements, noting that R3’s pivot is designed to bridge this gap by bringing high-quality, sovereign-backed assets to the public chain.
The scale of these assets dwarfs current DeFi TVL. Rutter pointed to active initiatives with shipbuilders to tokenize vessels costing between $100 million and $300 million. This represents the transition from the "17 billion" currently on R3's platform to the "17 trillion" dollar real-world economy opportunity. With ADGM providing the legal rails for these tokenized assets to be treated with the same certainty as traditional financial instruments, the infrastructure is now in place for a massive repricing of industrial assets on Solana.
Why This Matters
Discussion of Abu Dhabi's regulatory environment attracting RWA businesses to the region, indicating a solid development for Solana's ecosystem, especially given related news headlines.