Chintai, a Singapore-based regulated blockchain infrastructure provider and trading platform, has formed a joint venture with Maluku Archipelago Joint Venture to develop a large-scale nature-based asset tokenization project in Indonesia. Partner MAJV is jointly owned by DeepGreenX Group, a clean energy and digital infrastructure company, and Forest First International, a sustainable forestry development company.
The project is related to a 60-year development program covering Maluku and North Maluku provinces. The region includes approximately 1,400 islands and more than 700,000 square kilometers of Indonesia’s most biodiverse region. The initiative combines environmental protection and digital finance and aims to support forestry, fisheries, marine resources, mining and related infrastructure through long-term sustainable development.
The planned token issuance is expected to reflect an estimated total of $28 billion in resources and development rights held by MAJV. Once completed, it will rank among the largest regulated nature-based tokenization projects in the world.
The digital asset will be issued under the ticker $MLKU and is planned as a treasury-backed token with a fixed supply of 1 billion units. The initial allocation is currently held in escrow and will be offered initially to institutional investors through a private placement, with broader distribution subject to regulatory approval.
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