Terra Nexus Partners with Sinohydro for West African Mining and Tokenization

Terra Nexus, a Dubai-based project management service, has entered into a memorandum of understanding (MoU) with Sinohydro Bureau 6 Co., Ltd., a Chinese government-owned infrastructure company. The agreement focuses on a mining partnership for resource extraction in the West African region and the tokenization of these resources. This collaboration marks a significant step towards the full implementation of Terra Nexus' real-world asset (RWA) tokens, named "WFCA" (World Friendship Cash Asset).

The partnership between Terra Nexus and Sinohydro will encompass joint field development, including the exploration and mining of diamond, gold, and rare metal mines in West Africa. Additionally, the collaboration will involve infrastructure development, such as roads and utilities, and the creation of regional employment opportunities in mining areas. Logistics for dressing, storage, transportation, and export of ores will also be a key component of the partnership. Furthermore, the underlying assets for WFCA, linked with the mining business, will be provided through this collaboration.

WFCA is a digital token backed by real mineral resources, issued and managed by Terra Nexus. The initial phase of WFCA will focus on natural diamonds, followed by rare metals including gold, platinum, lithium, and nickel. Strategic resources such as uranium, copper, and iron ores will not be covered. The technical platforms for WFCA include Ethereum and ZK-Rollups, which enable real-time asset tracking. The primary applications of WFCA include asset protection, international settlements, inflation hedging, and financial instruments such as trusts and securities. The overarching goal of this project is to establish a financial infrastructure that visualizes real values rather than speculative virtual currencies.

The future prospects of this joint venture include the incremental development of the mining project with Sinohydro, starting with diamonds. The phased issuance and circulation of WFCA tokens will be based on mining performance. The project aims to create a new credit system in areas with limited financial access and establish a highly-transparent asset verification system based on blockchains. Ultimately, the collaboration seeks to create a new model for connecting local economies and global investors.

Hidetoshi Tashiro, the representative of Terra Nexus, highlighted the significance of this MoU, stating that it marks the historic first step toward bringing the concept of WFCA into a real business project. With WFCA, Terra Nexus aims to verify reliable 'real asset values' via blockchains, connecting investors across the world and local economies.

WFCA is a blockchain-based ecosystem that integrates metaverse NFTs, dedicated chains, and DeFi. It builds a secure, transparent, and efficient digital economy, empowering global trade and driving inclusive economic growth. Terra Nexus aims to harmonize global capital circulation and regional development through the tokenization of real assets and innovation in financial structures. The company transforms real-world assets such as mining, real estate, and renewable energy into trusted "capital products" for investors through financial engineering and Web3 technology.