UAE Moves Toward Scalable Digital Asset Infrastructure with Fasset and ADI Foundation

Fasset,  a leading global banking and investment platform, has entered a strategic partnership with ADI Foundation (ADI),  an Abu Dhabi-based non-profit established by Sirius International Holding, a subsidiary of IHC, the largest listed company in the MENA region. The collaboration aims to support the rollout of blockchain-based financial services through ADI’s newly launched ADI Chain mainnet and its $ADI utility token, unveiled during Abu Dhabi Finance Week.

ADI Chain is designed to enable regulated digital asset use cases, including the hosting and settlement of a Dirham-backed stablecoin to be issued by First Abu Dhabi Bank (FAB) and IHC. Under the partnership, Fasset will provide the necessary regulated onboarding, KYC, and on/off-ramp infrastructure, ensuring compliant access to ADI Chain’s blockchain-based services.

The initiative represents a major step toward institutional adoption of blockchain payments in the UAE and the broader MENA region. It is expected to support multiple real-world use cases across the IHC ecosystem, providing immediate relevance to the digital economy. Users will also be able to purchase the $ADI token directly in UAE Dirhams (AED) via the Fasset platform, with phased rollout contingent on technical readiness and regulatory approval.

The partnership highlights the transition from pilot projects to real-world deployment of regulated digital asset infrastructure, reinforcing the UAE’s push toward scalable, compliant blockchain solutions for institutional participation.