ADX issues a thought paper on crypto assets

abu dhabi — Abu Dhabi Securities Exchange, ADX, has announced the issuance of a thought paper on infrastructure for crypto and distributed ledger environment, and financial market infrastructures.

The thought paper is issued in cooperation with the Central Securities Depositories and under the patronage of the International Securities Service Association, ISSA.

The Central Securities Depositories have a clear responsibility to investigate the crypto-asset phenomenon and see where they might be able to help the market develop a safe and efficient environment for issuers and investors.

Rashed Al Blooshi, chief executive of ADX, noted the importance the market plays as a member of ISSA Central Securities Depositories Working Group, which works on further developing the implementation of Distributed Ledger Technology based on blockchain, as well as its contribution in the development of the crypto-asset infrastructure study. “ADX continues its efforts to manage the transition from conventional assets to more encrypted assets, which are witnessing major development in the region,” he added.