Dubai firm to usesukuk tokens in real estate
Dubai-based venture capital firm ASA Ventures has joined blockchain investment company IBC Group Limited in a plan to introduce sukuk tokens for real estate assets in the UAE and Portugal. The Gallery Sukuk Token Offering will be issued under the GST Offering Group, soon to be a regulated entity in Malta, a statement said, adding that the joint venture will manage the buy-out and tokenisation of the real estate assets. The group will issue sukuk tokens, consisting of one security token and two utility tokens for asset management and property management, all fully compliant with Islamic principles.
Tags : INTERNATIONAL