Terra Nexus Project Management Service CO.L.L.C S.O.C, based in Dubai and led by Hidetoshi Tashiro, has signed a memorandum of understanding (MoU) with Sinohydro Bureau 6 Co., Ltd., a Chinese state-owned infrastructure company. The agreement covers cooperation on mining projects in West Africa and the tokenization of mineral resources.
Sinohydro is involved in infrastructure development across more than 70 countries. Under the agreement, the companies will work together to explore and mine resources such as diamonds, gold, and rare metals. The partnership also includes infrastructure development in mining regions, logistics for ore handling and exports, and the use of these resources as backing for a digital token.
Terra Nexus plans to issue a RWA token called WFCA (World Friendship Cash Asset), which will be linked to mined resources. The token will be introduced in phases, starting with natural diamonds, followed by other metals such as gold, platinum, lithium, and nickel. Strategic minerals like uranium, copper, and iron are not included.
cryptonews.net