Expected to launch in 2022, ACX will be established as a Recognized Investment Exchange and regulated by ADGM.
All digital tokens will be custodized by the RCH, settled and cleared using the RCH’s blockchain smart contracts providing efficient settlement for all spot transactions.
It is intended that the RCH, once established and operating within ADGM, will play a pivotal role in other markets and financial instruments, including virtual asset markets, adding vital market infrastructure to the digital trading ecosystem.
In January, ACX partnered with the UN Framework Convention on Climate Change to allow clients representing 30 different countries to purchase and retire CERs for their carbon offsetting purposes.
Through the Net Zero by 2050 Strategic Initiative, the UAE aims to attract inflows from global capital markets as investors increasingly seek ESG-compliant investments.