Singapore's Chintai company has partnered with a Maluku Islands joint venture to tokenize a 60-year natural conservation development project in Indonesia. The token $MLKU will be backed by resource rights valued at approximately $28 billion, making it one of the largest physical asset tokenization projects globally. The initial issuance is planned to be offered through a private placement to institutional investors.
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Singapore's Chintai company has partnered with a Maluku Islands joint venture to tokenize a 60-year natural conservation development project in Indonesia. The token $MLKU will be backed by resource rights valued at approximately $28 billion, making it one of the largest physical asset tokenization projects globally. The initial issuance is planned to be offered through a private placement to institutional investors.