Terra Nexus and Sinohydro Partner to Launch West African Mining and Tokenization Project
Terra Nexus Project Management Service CO.L.L.C S.O.C, based in Dubai and led by Hidetoshi Tashiro, has signed a memorandum of understanding (MoU) with Sinohydro Bureau 6 Co., Ltd., a Chinese state-owned infrastructure company. The agreement covers cooperation on mining projects in West Africa and the tokenization of mineral resources.
Sinohydro is involved in infrastructure development across more than 70 countries. Under the agreement, the companies will work together to explore and mine resources such as diamonds, gold, and rare metals. The partnership also includes infrastructure development in mining regions, logistics for ore handling and exports, and the use of these resources as backing for a digital token.
Terra Nexus plans to issue a RWA token called WFCA (World Friendship Cash Asset), which will be linked to mined resources. The token will be introduced in phases, starting with natural diamonds, followed by other metals such as gold, platinum, lithium, and nickel. Strategic minerals like uranium, copper, and iron are not included.
WFCA tokens will be built on Ethereum and ZK-Rollups technology to allow real-time tracking of the assets. The token is intended for use in areas such as asset protection, settlements, and inflation hedging. Terra Nexus aims to use the token as a financial tool that reflects real-world value.
The project is expected to grow in stages, with WFCA tokens issued based on actual mining results. The companies aim to build a transparent system for asset verification and connect regional economies with global investors.
Image: Freepik
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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