Serenity and Zoniqx have announced a strategic partnership in the UAE. The duo will launch a biometric-secured, compliance-first tokenization initiative in the region. The pilot project will take off in six months in Dubai. The pilot project will mark the first phase of a broader global rollout of interoperable digital asset infrastructure bridging U.S. and GCC capital markets.
Serenity is a leader in blockchain data storage. The firm has made substantial inroads in the ever-growing industry. The company is strongly positioning itself in the world of DePIN and RWA with its own DeDaSP standards (Decentralised Data Survivability Protocol).
Zoniqx, on the other hand, is a US-based fintech pioneer in real-world asset (RWA) tokenization. The firm offers an interoperable, compliant infrastructure for the RWA tokenization market.
Serenity and Zoniqx Bringing Tokenization To The Real World
Despite the advancement in tokenization, a gap still exists between digital and legal ownership. This gap needs fixing to bring more practicality to tokenization endeavors. Zoniqx and Serenity aim to correct this misalignment by matching land register titles with security tokens. The move ensures the clients need no trustees, unlike in other places.
The initiative will utilize Zoniqx’s Dynamic Compliant Interoperable Security Tokens Protocol (DyCIST). This technology will ensure cross-jurisdictional compliance of tokenized assets. The partnership will bring Zoniqx’s Tokenized Asset Lifecycle Management from issuance to trading, liquidity, and yield generation. Zoniqx’s tokenization efforts will meet Serenity’s decentralized data survivability protocol (DeDaSP) and biometric authentication. The fusion entails a holistic ecosystem. Tokenized assets are both digitally represented and actively utilized within financial services.
Co-founder and Chief Product Officer of Serenity, Robert Boris Mofrad, says we are yet to see more applicable utility in which the tokenized assets are used. He stated, “Our partnership with Zoniqx takes tokenized assets beyond RWA to a paradigm of RWS where businesses can create, distribute, and manage asset tokens on an API built on a foundation of compliance and decentralized storage.”
According to Venket Naga, Co-Founder and CEO of Serenity, “Our pilot project with Zoniqx in Dubai is the first step in addressing the gap between legal and digital ownership and bringing a 360-degree approach to RWA tokenisation for different types of asset classes.”
Naga also spoke about how the partnership is a much-needed exploration for regulatory clarity. Naga believes the two firms will pave the way for creating a Financial bridge between the USA and GCC to cross-leverage their respective financial markets using the domain of RWA tokenisation.
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