ADGM's digital-asset stack now signals regulated operating depth in the UAE

ADGM's December 2025 update turns the UAE story into a regulated operating-market signal, not just an FRT rulemaking story.

ADGM's December 2025 update turns the UAE story into a regulated operating-market signal, not just an FRT rulemaking story.

The operative shift is scope: October 2025 rules extend accepted FRTs into payment, custody, settlement, and intermediation from 1 January 2026.

What the evidence still does not prove is transaction scale, named bank distribution depth, or an AED-denominated stablecoin launch.

ADGM is no longer only describing how an FRT issuer should be governed. By December 2025 it is describing a supervised stack for accepted-token use across payments, custody, settlement, and intermediation.