Public companies collaborate with Middle Eastern institutions to develop Islamic FinTech: Gold-backed stablecoins and RWA exchanges

【Crypto World】A New York Stock Exchange-listed company recently reached a cooperation intention with a local financial institution in the Middle East, planning to promote a series of fintech innovations compliant with Islamic law in the Middle East region. This cooperation framework covers several key areas: establishing a precious metals economic zone, issuing gold-backed tokens and stablecoin products, building a digital exchange that integrates precious metals and risk-weighted assets (RWA) tools, and also planning to launch Islamic digital gold bar banking services.

In the cooperation, the US company is responsible for providing expertise in Web3 technology and stablecoin solutions, while the local partner contributes regional market operation experience and project implementation. From a project design perspective, this plan combines traditional asset backing mechanisms (gold) with emerging financial instruments (stablecoins, RWA), aiming to develop a new ecosystem for digital assets and trading within an Islamic financial compliance framework. For the Web3 industry, this releases the application potential of stablecoins and physical asset tokenization in emerging markets.