Fusang Exchange issues world's first institutional tokenized sukuk
Fusang Exchange, a digital stock exchange operator, has announced the tokenization and listing of a digital sukuk.
The digital asset represents a corresponding underlying sukuk issued by IILM (International Islamic Liquidity Management Corporation).
Fusang Exchange said in a statement that this tokenization exercise is the world’s first digitization of an institutionally issued sukuk and is expected to revolutionize the Islamic investment landscape by providing investors access to Shariah-compliant high-quality liquid assets (HQLA).
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