UAE Fuze To Tokenize Gold With UK’s Minted Connect
UAE-based Fuze has partnered with UK-based Minted Connect to tokenize precious metals like gold, specifically Real World Assets (RWA), which accounts for a significant portion of the world’s above-ground gold reserves.
The partnership aims to digitize 1% of the Middle East’s 1,174 metric tons of gold reserves, making them accessible to all in a fractionized and digitized form.
Fuze, a VC-backed startup, specializes in digital asset infrastructure and has established partnerships with global banks, fintech firms, financial institutions, and super apps.
This strategic partnership represents a pivotal moment for businesses to tap into the value of real-world assets through tokenization, providing new investment and financial inclusion opportunities.
(With inputs from Shikha Singh)
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