The IOTA Foundation has announced its collaboration with authorities in Abu Dhabi, UAE, to enhance its digital infrastructure. Abu Dhabi Global Market (ADGM) has officially registered the Foundation, making it the first of its kind to receive approval.

The Foundation's current focus includes community-driven initiatives, regulatory alignment, and expanding the IOTA protocol to bridge the gap between the physical and digital worlds. This milestone signifies more than just global expansion for the IOTA Foundation—it marks a new era of regulatory cooperation in the cryptocurrency market.

This significant achievement positions IOTA as a leader in digital and real-world convergence in the MENA region and beyond. IOTA has praised ADGM's progressive and responsive frameworks, expressing confidence in attracting assets and institutional investors to the digital ecosystem.

Following this update, IOTA's native token has performed well, with a notable increase in value. It is projected to reach $0.39 by the end of the year, with potential for further growth in 2025.

The IOTA Ecosystem DLT Foundation will begin with a fund of $100 million, allocated over the next four years to support community development and accelerate protocol growth. Collaborations are planned with various sectors, including academia, government, and institutional investors, to promote IOTA network adoption.

The IOTA Foundation plans to organize regular events to foster a shared vision and drive the region's cryptocurrency ecosystem forward. Hamad Sayah Al Mazrouei, CEO of the Registration Authority at ADGM, welcomes the Foundation, highlighting its role in positioning the region as a leading destination for the Blockchain industry, setting global benchmarks for Web3 and Blockchain technologies.

Dominik Schiener, Chairman and Co-Founder of the IOTA Foundation, views this collaboration as a step towards regulatory harmony in the cryptocurrency market and a positive advancement for the digital economy.