TLDR

  • Mega Matrix intends to create a gold-backed token utilizing Shariah-compliant blockchain technology.
  • A new gold-backed stablecoin is aimed at institutional payment systems within Islamic finance.
  • The partners are establishing a regulated digital bullion exchange for trading metals.
  • This project will bolster Middle Eastern precious metals infrastructure and Special Economic Zone (SEZ) strategies.
  • The partnership is in step with the expansion of regional fintech, blockchain, and regulatory compliance.

Mega Matrix Inc. has revealed a partnership in the Middle East to introduce gold-backed digital assets and a regulated ecosystem for bullion trading. This agreement is built on a Shariah-compliant framework and broadens the company’s strategy for stablecoin and Web3 infrastructure. The memorandum details plans for financing, technology, governance, and regional activities in Saudi Arabia and adjacent markets.

Gold-Backed Token Development

As per the MOU, the collaborating parties will create and introduce a Shariah-compliant token backed by physical gold. This framework will connect tangible gold reserves with blockchain-based issuance and clear management of reserves. The token is designed to facilitate settlement, trading, and custody that adhere to Islamic finance principles.

Mega Matrix will offer technical expertise on the token’s design, security measures, and the implementation of a scalable blockchain. The company will also assist with capital structure, financial modeling, and Shariah-compliant funding avenues. This methodology ensures the digital asset conforms to international governance norms and local regulatory requirements.

Ihsan Dhahab will oversee regional coordination, securing regulatory clearances, and operational strategy for the gold-backed token. The group will leverage local knowledge in Saudi Arabia and Qatar to ensure a compliant market launch. The token will be incorporated into a wider precious metals infrastructure currently being developed.

Shariah-Compliant Stablecoin and Digital Exchange

In addition to the token, the partners will build a Shariah-compliant, gold-backed stablecoin for payment and settlement purposes. This stablecoin will maintain price stability by being fully collateralized by audited precious metal reserves. Consequently, it is intended for institutional adoption in regulated Islamic finance environments.

The partnership also encompasses the creation of a Shariah-compliant digital bullion exchange for trading metals and other real-world assets. This platform will facilitate trading, manage storage logistics, and handle settlement across the entire precious metals supply chain. Thus, the exchange enhances the stablecoin’s utility by boosting liquidity and transaction efficiency.

The MOU also describes intentions for an integrated special economic zone in the Middle East focused on precious metals. Proposed operations include refining, secure storage, manufacturing, logistics, and Islamic digital banking. Collectively, these projects extend Mega Matrix’s digital asset treasury approach and its footprint in the regional fintech sector.

Mega Matrix is a Singapore-based holding company with investments in digital assets and media platforms. The firm pursues a digital asset treasury strategy by gaining exposure to stablecoins and governance tokens. It also holds ownership of FlexTV, a short-form video streaming service run by an indirect wholly-owned subsidiary.

This initiative mirrors increasing demand for regulated digital finance products connected to physical commodities. Saudi Arabia and Qatar are persistently developing frameworks that encourage fintech, blockchain integration, and Islamic finance. The region offers an appropriate foundation for precious metals infrastructure and supervised digital marketplaces.

The MOU forms a cooperative structure, not a legally binding contract. Nonetheless, it defines a path for project evaluation, staged development, and synchronized implementation. Mega Matrix and Ihsan Dhahab will advance these initiatives pending necessary approvals, funding, and the finalization of formal agreements.