The Smartlands team recently visited Singapore to participate in conferences and business meetings. The team is now building relationships with businesses that are set up to start tokenization, and issue security tokens in the South East Asia region. The Smartlands team is working to establish a legal framework, as well as joint venture or its subsidiary to enable to onboard projects in the region, and fast forward the negotiations of asset tokenization. In addition, we will form significant partnerships with companies that the team met during the Blockchain Summit Singapore, and also during Rajat’s business development activities in the region.

Smartlands has been conducting negotiations with Terra Capital, a company that intends to tokenize its nickel mining facilities in Asia. Terra Capital is an investment management company based in Singapore, with a business focus in the region’s finance, property, infrastructure, and mining industries. The fund holds a nickel mining company in Kabaena, an Indonesian island in the Flores Sea, with an investment objective of company growth and expansion.

Smartlands is working on this opportunity to start tokenizing mining operations in Indonesia issuing a bond in the form of a security token backed by assets compliant with the Smartlands legal framework.

Partnering with companies like these in South East Asia is a high priority for Smartlands’ expansion strategy, which is built around the digitalization of assets and further adoption of the blockchain technology. These partnerships are essential for Smartlands business model and are necessary to demonstrate how businesses can access capital in a scalable and regulatory-compliant way. In the next several months, the Smartlands team will be working on creating conditions for issuing security tokens in South East Asia.

Note that the current update is not an announcement of the launch of our first tokenization project. We will keep the community updated about the start of the first project.