BlackRock and Finastra Limited have announced the signing of two memorandums of understanding during the Abu Dhabi Finance Week. The objective of these agreements is to explore initiatives aimed at advancing digitized markets and developing the next generation of financial infrastructure, aligning with Abu Dhabi’s ambitions for a digital economy.
Finastra Limited, a key player in the digital infrastructure of financial markets, collaborates with ADI, based in Abu Dhabi, which is focused on developing a sovereign-level blockchain infrastructure. Both entities are subsidiaries of a global holding company through Sirius International Holding. Together, the three parties will investigate initiatives aimed at enhancing capital markets, designing solutions for digital assets, expanding digital finance capabilities, and leveraging their combined expertise to improve access to digitized investment products.
On the last day of Abu Dhabi Finance Week, there were announcements of 23 memorandums of understanding that included partnerships with various local and international entities such as Tetehr, Crypto.com, Zodia, Presto, PCP, Warner Bros. Discovery, the World Gold Council, and Bain Capital, among others.