Skip to main content

BITGRIT DLT Foundation: The First Japanese-Rooted Crypto Asset Foundation in ADGM

Abu Dhabi, UAE (ARAB NEWSWIRE) — bitgrit, originally founded in Japan and now registered as an entity in the Abu Dhabi Global Market (ADGM), announced the establishment of the "BITGRIT DLT Foundation." This foundation represents the first instance of a Japanese-rooted company leveraging ADGM's regulatory framework to create a crypto asset foundation.

What is ADGM?

The Abu Dhabi Global Market (ADGM) is a free zone located in Abu Dhabi, UAE, and is known as an international financial center. ADGM provides a unique regulatory framework that actively supports fintech and blockchain-related businesses. In 2023, it introduced the world's first "DLT Foundation Scheme," designed to enhance transparency and reliability for crypto asset and distributed ledger technology (DLT) projects.

What is a DLT Foundation?

A DLT Foundation is a foundation scheme provided by ADGM, specifically tailored for projects involving crypto assets and DLT. This framework enables such projects to operate transparently and reliably. It also allows for the issuance and management of tokens in a legally authorized environment, providing significant advantages for projects prioritizing regulatory compliance.

bitgrit's Transition and Initiatives

Originally founded in Japan, bitgrit has now transitioned into an ADGM-registered entity, placing itself at the forefront of AI and blockchain innovation in the Middle East. The company connects a global community of over 35,000 data scientists and offers innovative services through its AI competition platform and an AI marketplace currently under development.

The newly established BITGRIT DLT Foundation will form the foundation for bitgrit's planned issuance of crypto tokens. These tokens will be utilized within the company's platforms, enabling AI agents to leverage AI models and datasets while facilitating transactions among users through token-based ecosystems.

Future Outlook

As an ADGM-registered company, bitgrit aims to achieve the following goals:

1. Token Issuance: Issue crypto tokens to build an ecosystem where AI agents can efficiently operate and interact.

2. UAE Certification: Work toward listing the tokens on the UAE's "Available Virtual Assets" list to enhance trust and adoption.

3. Global Expansion: Leverage ADGM's status as an international financial center to expand its reach from the Middle East to global markets.

CEO Comments

Kazuya Saginawa, CEO of bitgrit, stated:

"The establishment of the BITGRIT DLT Foundation is a significant milestone for us as a Japanese-rooted company operating under ADGM's regulations. By integrating AI agents and Web3 technologies, we aim to create a new ecosystem that delivers value to both users and businesses while ensuring transparency and reliability."

Summary

The establishment of the BITGRIT DLT Foundation highlights bitgrit's growth from a Japan-founded company to an ADGM-registered entity. This initiative demonstrates the use of ADGM's advanced regulatory framework and supports bitgrit's mission to expand its presence in the Middle East and build a new economic ecosystem powered by AI agents and Web3 technologies.

About bitgrit

Founded in 2017 in Japan, bitgrit aims to democratize AI development for all creators and has been working on developing systems utilizing blockchain technology. Now registered in ADGM, the company counts international organizations such as NASA and SoftBank among its clients. It has built a global network of over 35,000 data scientists and AI engineers, advancing technologies for the optimal use of data science and AI in society.

Through its online platform and community, bitgrit pioneers next-generation solutions powered by AI agents and Web3 technologies, contributing to their societal implementation.

• Company Name: bitgrit LTD / bitgrit Inc.

• Location: DD-14–122–070, WeWork Hub 71, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, UAE

• Representative: Kazuya Saginawa

• Founded: 2017 (Japan)

• Business: AI, Web3

• Website: http://bitgrit.net

• Social Media: X (Twitter), Medium

bitgrit is committed to shaping the future of AI agents and Web3 technologies through innovation as an ADGM-registered entity.

###
This article is issued through Arab Newswire™ (www.arabnewswire.com)   and distributed by EmailWire  (www.emailwire.com) – the gloabal newswire that provide Press Release Distribution with Guaranteed Results™.


 

Comments

Post a Comment

Popular posts from this blog

8 Years On, Infinite Ahead: BingX Launches $10M Prize Pool and Global Celebrations

 PANAMA CITY – ( ARAB NEWSWIRE ) --   BingX , a leading cryptocurrency exchange and Web3-AI company, today officially launches its 8th anniversary celebration, unveiling its INFIN8 campaign under the theme '8 years on, infinite ahead'. At the heart of the INFIN8 campaign is the concept of infinity, symbolized by the continuous loop of a racing circuit and inspired by BingX’s partnership with Scuderia Ferrari HP. Much like the precision and momentum of motorsports, this reflects BingX’s commitment to constant motion, iteration, and boundary-breaking innovation. To mark the milestone, BingX has launched a large-scale trading event  that invites its global community to join the celebration. Designed as a racing-inspired experience, the event features milestone-based rewards, individual and team competitions, and social engagement incentives. The campaign will run across a total of four sessions from April 27 to June 2. Traders can unlock rewards through progressi...
Post a Comment
Read more

Luxury Vehicles as an Alternative Asset Class: Edel & Stark Launches Innovative Investment Model

  The Swiss luxury mobility provider introduces an asset-backed investment model linking high-end vehicles with operational revenues in a rapidly expanding global luxury travel market .   DUBAI, United Arab Emirates — ( ARAB NEWSWIRE )  A New Approach to Asset-Backed Investments Edel & Stark, an international provider of premium and luxury mobility services, has introduced an innovative investment model that positions luxury vehicles as a tangible, income-generating asset class. The offering represents a novel approach within the alternative investment space, combining real assets with operational exposure to the global luxury mobility market. Structured Investment with Defined Terms Under the model, investors provide capital in the form of a contractually defined loan. The funds are used exclusively to acquire high-end luxury vehicles, which are added to Edel & Stark's operational fleet in selected international ...
Post a Comment
Read more
ثمانية أعوام من الإنجازات، ومستقبل لا نهاية له: BingX تُطلق جائزة بقيمة 10 ملايين دولار واحتفالات عالمية مدينة بنما --  ( ARAB NEWSWIRE ) – أطلقت BingX ، المنصة الرائدة لتداول العملات الرقمية والشركة المتخصصة في Web3 والذكاء الاصطناعي، اليوم احتفالاتها الرسمية بمناسبة ذكراها السنوية الثامنة، وذلك بالكشف عن حملة INFIN8 تحت شعار "ثمانية أعوام من الإنجازات، ومستقبل لا نهاية له".   يرتكز مفهوم حملة INFIN8 على فكرة اللانهاية، المُجسَّدة في الحلقة المتواصلة لحلبة السباق، مستوحاةً من شراكة BingX مع فريق Scuderia Ferrari HP. وكما تعكس الدقة والزخم في عالم السباقات، يعبّر هذا المفهوم عن التزام BingX بالحركة الدائمة والتطوير المستمر والابتكار الذي لا يعرف الحدود.   وتخليداً لهذه المحطة المهمة، أطلقت BingX فعالية تداول واسعة النطاق  تدعو مجتمعها العالمي إلى المشاركة في الاحتفال. وقد صُمِّمت هذه الفعالية على هيئة تجربة مستوحاة من عالم السباقات، تتضمن مكافآت مرتبطة بمراحل متدرجة، ومنافسات فردية وجماعية، وحوافز للتفاعل على منصات التواصل الاجتماعي. وتمتد الحملة...
Post a Comment
Read more