Key Takeaways
- • ADI Foundation and Zamanat Advisors Ltd signed a Memorandum of Understanding to explore real-world asset (RWA) tokenization, with an ambition to support up to US$150 million in tokenized assets on ADI Chain, subject to commercial viability and regulatory requirements.
- • ADI Foundation contributes a pipeline of real-world asset opportunities and ADI Chain infrastructure, while Zamanat leads credit analysis, due diligence, transaction structuring and investor distribution coordination.
- • Initial focus areas are maritime finance, SME credit, trade finance receivables and Sukuk, including Shariah-compliant structures, with a first pilot exploring tokenized vessel financing that would make periodic distributions to eligible investors.
- • The agreement is a framework for identifying and assessing transactions, not a binding investment commitment; regulated activities will be undertaken by appropriately authorized providers where required.
Summary
Under the agreement, ADI Foundation will provide access to a pipeline of real-world asset opportunities and ADI Chain infrastructure, which will support issuance, ownership records and settlement. Zamanat will lead credit analysis, due diligence, transaction structuring and investor distribution coordination. The organizations will evaluate opportunities to develop investment products intended to meet institutional requirements, with regulated activities undertaken by appropriately authorized providers where required.
Initial areas of focus include maritime finance, SME credit, trade finance receivables and Sukuk, including Shariah-compliant structures. The parties expect the initial pilot to explore tokenized vessel financing, including structures designed to provide periodic distributions to eligible investors. The framework sets out a process to identify potential transactions, assess their commercial, credit and regulatory viability, and advance selected opportunities toward development and implementation. All activity remains subject to commercial viability and regulatory requirements.
ADI Foundation's President of Stablecoin Ecosystem, Ramana Kumar, said ADI is positioned as the 'go-to' chain for institutional-grade assets bringing real economic activity on-chain, and that Zamanat would help translate opportunities into investment products institutions can evaluate. Umair Tariq, CEO of Zamanat Advisors Ltd, said the collaboration gives the Digital Shariah Assets market both origination and a settlement chain, with Zamanat providing credit analysis and structuring, including Shariah review of each Sukuk and Islamic structure. The collaboration supports ADI Foundation's broader strategy to position ADI Chain as infrastructure for institutions originating, managing and accessing tokenized assets. ADI Chain is described by the publisher as the first institutional blockchain for stablecoins and real-world assets in the MENA region and serves as settlement infrastructure for the dirham-backed stablecoin DDSC, licensed by the UAE Central Bank.
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