UAE: Shariah compliant blockchain network HAQQ plans to launch a range of asset-backed tokens, including gold-backed stablecoins as well as tokenized securities and Sukuk, reported Arabian Business, quoting HAQQ Co-Founder Alex Malkov. HAQQ will also be collaborating with Shariah compliant institutions and asset owners to tokenize their offerings.
The company is currently securing the necessary licenses and approvals to issue the proposed stablecoins and Sukuk within regulatory frameworks.
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