Solana Foundation signs partnership with Dubai regulatory authority

2025-06-03 01:11:14

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The Solana Foundation has signed a Memorandum of Understanding (MOU) with the Dubai Virtual Assets Regulatory Authority (VARA), to promote innovation in the cryptocurrency sector through talent training programs, data sharing, workshops, consulting, and support for the development of the Solana Economic Zone in Dubai.

Solana stated that this agreement helps project founders connect directly with the growth momentum in the region.

Previously, NewGenIvf Group Limited – a provider of reproductive support services in Asia – announced an investment of 30 million USD into staking Solana, increasing the investment from 1 million USD in Bitcoin back in December 2024. The founder of NewGen believes this move reflects a growing confidence in digital assets as a legitimate asset class.

These advancements reinforce strong development prospects for the Solana ecosystem and broader acceptance in the future.

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