The ADI Foundation (“ADI”), Finstreet Limited (“Finstreet”), and BlockBooster have entered into a Memorandum of Understanding (“MoU”) to assess a potential strategic partnership focused on advancing the creation and adoption of regulated tokenized financial products and the supporting ecosystem.
Under the MoU, the parties will evaluate collaboration opportunities across three key focus areas. The first is the development of a UAE Dirham-pegged stablecoin, covering aspects such as market growth, distribution strategies, and on-chain adoption initiatives. The second area involves institutional-quality tokenized assets, including the identification, structuring, tokenization, and potential listing of private credit, private equity, and technology-linked assets that meet institutional investment standards. The third area centers on broader ecosystem development, with potential cooperation on investments, enabling infrastructure, asset onboarding processes, and aligned go-to-market strategies.
BlockBooster, a Web3 venture studio and asset manager specializing in stablecoins and real-world assets (RWAs), will assess the feasibility of these collaboration opportunities in partnership with ADI and Finstreet.
Any initiatives emerging from the MoU will be implemented only after securing the necessary regulatory approvals.
Ajay Bhatia, Principal Council Member of the ADI Foundation, commented, “The next phase of digital finance will be driven by credibility, regulatory alignment, and practical use cases rather than speculation. Our collaboration with BlockBooster combines institutional market infrastructure with sovereign-grade blockchain capabilities, enabling tokenized assets and stablecoins to transition from ideas into real-world financial applications.”
Samuel Gu, CEO and Founder of BlockBooster, added, “We believe there is significant opportunity to collaborate with the ADI Foundation and Finstreet in building a compliant, scalable environment for regulated tokenized products. Leveraging ADI’s infrastructure expertise and Finstreet’s regulated market framework, BlockBooster aims to support asset onboarding, market activation, and coordinated go-to-market execution within established regulatory parameters, reinforcing Abu Dhabi’s role as a leading center for institutional-grade digital asset innovation.”
Under the MoU, the parties will evaluate collaboration opportunities across three key focus areas. The first is the development of a UAE Dirham-pegged stablecoin, covering aspects such as market growth, distribution strategies, and on-chain adoption initiatives. The second area involves institutional-quality tokenized assets, including the identification, structuring, tokenization, and potential listing of private credit, private equity, and technology-linked assets that meet institutional investment standards. The third area centers on broader ecosystem development, with potential cooperation on investments, enabling infrastructure, asset onboarding processes, and aligned go-to-market strategies.
BlockBooster, a Web3 venture studio and asset manager specializing in stablecoins and real-world assets (RWAs), will assess the feasibility of these collaboration opportunities in partnership with ADI and Finstreet.
Any initiatives emerging from the MoU will be implemented only after securing the necessary regulatory approvals.
Ajay Bhatia, Principal Council Member of the ADI Foundation, commented, “The next phase of digital finance will be driven by credibility, regulatory alignment, and practical use cases rather than speculation. Our collaboration with BlockBooster combines institutional market infrastructure with sovereign-grade blockchain capabilities, enabling tokenized assets and stablecoins to transition from ideas into real-world financial applications.”
Samuel Gu, CEO and Founder of BlockBooster, added, “We believe there is significant opportunity to collaborate with the ADI Foundation and Finstreet in building a compliant, scalable environment for regulated tokenized products. Leveraging ADI’s infrastructure expertise and Finstreet’s regulated market framework, BlockBooster aims to support asset onboarding, market activation, and coordinated go-to-market execution within established regulatory parameters, reinforcing Abu Dhabi’s role as a leading center for institutional-grade digital asset innovation.”