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ADI Foundation signs MoU with Gibraltar government
13 October 2026 Gibraltar
Image: Adrian/stock.adobe.com
The government of Gibraltar has signed a Memorandum of Understanding (MoU) with Abu Dhabi-based institutional blockchain infrastructure provider ADI Foundation to explore establishing a multi-currency stablecoin consortium.
Under the MoU, founding consortium members — including banks and other licensed Gibraltar institutions — will explore opportunities to develop fully reserved digital currencies referenced to pound sterling, the US dollar, and the euro, with issuance infrastructure provided through ADI Chain, the firm’s institutional Layer-2 blockchain.
Each digital currency would be issued through a separate entity, with reserves held one-to-one in high-quality liquid assets, independently attested, and subject to an annual audit.
The project is also designed to support institutional settlement, cross-border payments, and international trade, with the longer-term aim of connecting Europe and Africa, building on ADI and the Secretariat of the African Continental Free Trade Area’s initiative to develop digital infrastructure across its member states.
Speaking on the agreement, Ajay Bhatia, principal council member at ADI Foundation, says: “Our ambition is to explore building a regulated financial infrastructure that allows digital money to move seamlessly between institutions, markets and economies.
“Gibraltar brings a sophisticated financial ecosystem and pioneering experience in distributed ledger technology, while ADI brings the infrastructure and international network.”
Nigel Feetham KC MP, Minister for Justice, Trade, and Industry, adds: “For the past nine months, we have been actively engaged in an international outreach programme, connecting with leading digital-finance businesses and investors, including at major industry events around the world.
“The stablecoin project represents an exciting opportunity for Gibraltar and is another important step in our efforts to foster innovation and attract investment.”
Under the MoU, founding consortium members — including banks and other licensed Gibraltar institutions — will explore opportunities to develop fully reserved digital currencies referenced to pound sterling, the US dollar, and the euro, with issuance infrastructure provided through ADI Chain, the firm’s institutional Layer-2 blockchain.
Each digital currency would be issued through a separate entity, with reserves held one-to-one in high-quality liquid assets, independently attested, and subject to an annual audit.
The project is also designed to support institutional settlement, cross-border payments, and international trade, with the longer-term aim of connecting Europe and Africa, building on ADI and the Secretariat of the African Continental Free Trade Area’s initiative to develop digital infrastructure across its member states.
Speaking on the agreement, Ajay Bhatia, principal council member at ADI Foundation, says: “Our ambition is to explore building a regulated financial infrastructure that allows digital money to move seamlessly between institutions, markets and economies.
“Gibraltar brings a sophisticated financial ecosystem and pioneering experience in distributed ledger technology, while ADI brings the infrastructure and international network.”
Nigel Feetham KC MP, Minister for Justice, Trade, and Industry, adds: “For the past nine months, we have been actively engaged in an international outreach programme, connecting with leading digital-finance businesses and investors, including at major industry events around the world.
“The stablecoin project represents an exciting opportunity for Gibraltar and is another important step in our efforts to foster innovation and attract investment.”
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