Dubai’s DMCC Partners AQUA-INDEX to Launch World’s First Water-Backed Digital Token
- DMCC partners with AQUA-INDEX to launch first digital token backed by freshwater resources.
- The token enables transparent trading and delivery of verified drinking-quality water globally.
- Partnership aims to create a regulated water market addressing scarcity and supply challenges.
Dubai’s DMCC, a leading international business district focused on global trade, has formalized a partnership with AQUA-INDEX, a company specializing in water commodities trading. The partnership aims to introduce the world’s first digital asset token directly backed by verified freshwater resources.
This initiative aims to create a new, tradable commodity class for water, addressing issues of scarcity and transparency in the global supply chain. The project will tokenize drinking-quality water stored in reservoirs, allowing it to be traded, held, and delivered as a standardized asset on a regulated marketplace for the first time in financial history.
Tokenizing a Vital Natural Resource
The core of the project is the creation of a digital token that represents a specific quantity and quality of fresh water. This tokenization is designed to bring unprecedented liquidity an…
The post Dubai’s DMCC Partners AQUA-INDEX to Launch World’s First Water-Backed Digital Token appeared first on Coin Edition.
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Dubai’s DMCC Partners AQUA-INDEX to Launch World’s First Water-Backed Digital Token
- DMCC partners with AQUA-INDEX to launch first digital token backed by freshwater resources.
- The token enables transparent trading and delivery of verified drinking-quality water globally.
- Partnership aims to create a regulated water market addressing scarcity and supply challenges.
Dubai’s DMCC, a leading international business district focused on global trade, has formalized a partnership with AQUA-INDEX, a company specializing in water commodities trading. The partnership aims to introduce the world’s first digital asset token directly backed by verified freshwater resources.
This initiative aims to create a new, tradable commodity class for water, addressing issues of scarcity and transparency in the global supply chain. The project will tokenize drinking-quality water stored in reservoirs, allowing it to be traded, held, and delivered as a standardized asset on a regulated marketplace for the first time in financial history.
Tokenizing a Vital Natural Resource
The core of the project is the creation of a digital token that represents a specific quantity and quality of fresh water. This tokenization is designed to bring unprecedented liquidity an…
The post Dubai’s DMCC Partners AQUA-INDEX to Launch World’s First Water-Backed Digital Token appeared first on Coin Edition.
Read More
Coinbase’s Base App Rebrand Sends a Little-Known Token Soaring 440% Amid SocialFi Boom