Kaia DLT Foundation Sets Up Base in Abu Dhabi Global Market

Finschia
Finschia
Published in
2 min readAug 16, 2024

We’re thrilled to announce the incorporation of the Kaia DLT Foundation in the Abu Dhabi Global Market (ADGM). This significant milestone brings us one step closer to launching the Kaia mainnet. This strategic move positions Kaia DLT Foundation at the heart of one of the world’s most dynamic hubs for global tech and hybrid finance, enabling us to foster stronger ties with tech innovators, venture capitalists, and builders worldwide.

The foundation’s presence in ADGM will be pivotal in accelerating the adoption of Web3 infrastructure and applications, as we aim to bridge the gap between global investors, developers, and Asia’s rapidly expanding Web3 market. By leveraging ADGM’s advanced regulatory framework, we’re equipped to support innovative Web3 projects that are eager to build on Kaia, the robust Layer 1 blockchain formed through the merger of Klaytn and Finschia — two blockchains originally initiated by IT giants Kakao and LINE.

“I am excited to announce that the registration of Kaia DLT Foundation in ADGM, which is the final and most important milestone before the launch of the Kaia mainnet, has been completed,” said Dr. Sam Seo, Chairman of Kaia DLT Foundation. “With all preparations complete, we are now ready to launch the Kaia mainnet.”

As we settle into our new base in Abu Dhabi, we’re also eager to connect with global partners and explore opportunities to expand the Kaia ecosystem further. With over 420 decentralized applications (DApps) and a potential user base exceeding 250 million, Kaia is set to redefine how users, developers, and enterprises engage with Web3, offering the seamless experience of Web2 with the transformative power of blockchain technology.

Stay tuned — we’ll share detailed information about the Kaia mainnet launch early next week. This is just the beginning, and we’re excited to have you with us as we take this next big step forward.

About Kaia

Kaia is a high performance public blockchain that simplifies Web3 for users, builders, investors, enterprises, and everyone in-between. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem, with over 420 dApps and over 250 million potential users — all of whom can experience Web3 with the ease and speed of Web2 to connect, create, collaborate, and contribute to the ecosystem.

About Kaia DLT Foundation

The Kaia DLT Foundation, based in Abu Dhabi, was established in 2024 to expand the ecosystem of Kaia, a global Layer 1 blockchain platform. We drive the adoption and development of new technologies to ensure that Kaia fulfills its role as an accessible, transparent, and sustainable blockchain platform for developers and users alike, and facilitate decision-making to ensure that the ecosystem continues to expand optimally in the rapidly changing blockchain landscape.

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