GreenX, Nahdlatul Ulama sign LOI for Shariah-compliant RWA tokenization

GreenX announced the signing of a Letter of Intent this month, with Nahdlatul Ulama in Surabaya, Indonesia, one of the largest Islamic organizations globally with more than 120 million members. This collaboration aims to develop Shariah-compliant Real World Asset tokenization, forming the basis of a new digital asset class that aligns with Islamic financial principles for the Indonesian community. The LOI signing ceremony took place after the TV9 Nusantara on June 6, 2024, and was attended by PWNU’s Director of Economy, H. Hambali, along with key representatives from GreenX. H. Hambali commented, “This partnership represents a significant step towards integrating innovative digital financial solutions with our commitment to Shariah principles. We look forward to leveraging this collaboration to benefit our community.” GreenX also invited their Malaysian Shariah Scholar and lawyer, Khairil Anwar from Kuala Lumpur, to share their experiences and challenges in the tokenization of various RWA over the past two years. During the event, GreenX reiterate the Shariah pronouncement on three significant RWA listings: Dignity Gold, Brighsun Limited and Tai Shan Digital. These projects are currently listed on GreenX, and highlight the potential of tokenizing high-value assets and making them accessible to a broader audience.