Chintai, a Singapore-regulated blockchain infrastructure provider, has partnered with the Maluku Archipelago Joint Venture (MAJV) to launch one of the world’s largest regulated nature-based asset tokenisation projects. The initiative, valued at an estimated $28b, aims to sustainably develop the Maluku and North Maluku provinces of Indonesia over a 60-year period. This project will integrate ecological preservation, technological innovation, and community-driven economics.
The Maluku project spans 1,400 islands and approximately 710,000 square kilometres, focusing on sectors such as forestry, mining, fisheries, and marine ecosystems. The tokenisation effort will be linked to the total value of the resource and development rights vested with MAJV. The Nature-Based Asset token, designated under the ticker MLKU, will be structured as a treasury-backed digital asset with a total supply of 1 billion tokens.
Initially, the token issue is escrowed but is expected to be offered through a private placement to institutional investors, with broader offerings subject to regulatory requirements. Chintai will provide the regulated tokenisation infrastructure, on-chain governance systems, and security token risk frameworks for the project.
Barclay Knapp, CEO of MAJV, expressed enthusiasm for the partnership, stating, “Our mission is to preserve the natural beauty and ecological resources of the province whilst using modern digital finance and tokenisation techniques.”
This collaboration not only aims to set a new benchmark in the digital asset sector but also reinforces Singapore’s position in regulated digital assets.
