Kaia Foundation Approved in Abu Dhabi for Mainnet Launch of Integrated Blockchain Platform

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Cointime2024/08/20 15:16

By:Cointime

Kaia has been granted final approval to establish a Distributed Ledger Technology (DLT) foundation in the Abu Dhabi Global Market (ADGM), which is an international financial free zone in the United Arab Emirates. This approval is a significant milestone for Kaia, as it paves the way for the official launch of its integrated blockchain platform, developed collaboratively by Kakao and Line, on August 29. The newly established Kaia Foundation in ADGM will oversee the launch of Kaia's mainnet, which integrates Kakao's subsidiary Ground X's blockchain platform "Klaytn" and Line's platform "Finschia," and will be listed and commence trading under the name Klaytn (KLAY) due to differences in policies and preparation timelines across various exchanges.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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