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    Media Announcements Cessation of activities by Venom Foundation in ADGM

    Cessation of activities by Venom Foundation in ADGM

    ADGM: 17 May 2024

    The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) wishes to inform members of the public that Venom Foundation, an ADGM registered foundation with registration number 000008382 (Venom Foundation ADGM), is no longer conducting any activities in ADGM having voluntarily cancelled its commercial licence in February 2024 and appointed a liquidator in March 2024 to wind down the foundation.

    In addition to Venom Foundation ADGM, associated ADGM companies Venom Blockchain Holding Limited with registration number 000007380 and Venom Blockchain Holding 2 Limited with registration number 000010061 also appointed a liquidator in March 2024 to wind down those companies.

    The RA wishes to alert members of the public that Venom Foundation ADGM and the associated ADGM companies are not associated with activities mentioned in recent social media announcements concerning the launch of Venom Blockchain. References in the recent social media to Venom Foundation are not to Venom Foundation ADGM.

    For further information, please view the media release issued by Venom Foundation ADGM here: Cessation of activities by Venom Foundation in ADGM.

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