According to ME News, on January 7th (UTC+8), Chintai, a Singapore-based regulated blockchain infrastructure provider and trading platform, recently entered into a significant partnership with Maluku Archipelago Joint Venture, a joint venture owned by DeepGreenX Group and Forest First International. The partnership will jointly advance a 60-year nature development project focusing on the Maluku and North Maluku provinces of Indonesia. Positioned as one of the world's largest regulated natural asset tokenization projects, the project covers 1,400 islands, with a total area of approximately 710,000 square kilometers, including 10,000 kilometers of coastline and 6.6 million hectares of land, encompassing forestry, mining, fisheries, marine ecosystems, and related infrastructure development.
The token launched in this collaboration is a regulated natural asset token, a digital asset backed by underlying physical assets and a custodian vault. Its trading code will be $MLKU, with a total supply of 1 billion tokens. The initial tokens are currently in custody and are expected to be issued to institutional investors through a private placement initially, with the issuance to be expanded further in accordance with relevant regulatory requirements.
In terms of collaboration, Chintai, as Singapore's leading regulated real-world asset (BWA) tokenization platform, will provide end-to-end regulated tokenization infrastructure, on-chain governance systems, and a security token risk framework. It will also leverage its experience in sustainable development-related assets, renewable energy projects, and the carbon market to provide support; the platform previously assisted in the launch of the Asian Carbon Institute in 2023. The Maluku Islands joint venture has established a clear objective: to raise unprecedented funds for the region's future development while protecting its natural landscape and ecological resources through modern digital finance and tokenization technologies.
Both parties expressed high approval of the collaboration. Barclay Knapp, CEO of the Maru Islands joint venture, expressed strong support for Chint's partnership in advancing this pioneering project focused on sustainable development, believing that Chint's expertise in digital finance and sustainable development makes it an ideal partner. David Parkham, CEO of Chint, also pledged to provide a regulated technology platform, blockchain governance, and the RWA risk management framework—meeting the expectations of family offices and sovereign-related capital institutions worldwide—to support the project's large-scale deployment.
With a valuation of US$28 billion, this project has set a new global record for the size of a Natural Asset (RWA) project and has already completed tokenization and on-chaining through Singapore's leading compliant digital asset platform, making it of profound significance. It not only has the potential to become the world's largest RWA tokenization project and one of the largest digital asset projects, setting a new benchmark, but also establishes an industry benchmark for inter-institutional natural asset digital tokenization. This demonstrates Singapore's leading position in the compliant blockchain finance sector, provides important practical reference for the deep integration of traditional finance and blockchain technology, and further consolidates Singapore's position in the regulated digital asset field.
In terms of institutional background, Chint Group is regulated and licensed by the Monetary Authority of Singapore and is a one-stop provider of modern capital market solutions. It leverages blockchain technology to help traditional financial institutions and innovative enterprises utilize regulated digital assets, bridging the gap between businesses and compliant blockchain technology. Its official website is chintai.io. The Maluku Islands project is one of the world's largest real-world natural asset digitization and sustainable development projects. Its core mission is to integrate ecological protection, technological innovation, community-driven economies, and digital finance to achieve regional sustainable development. (Source: ME)
