Terra Nexus Partners with Chinese State-Owned Sinohydro for Mineral-Backed Tokenization Project

Terra Nexus, a Dubai-based project management firm, has signed a memorandum of understanding with China's state-owned Sinohydro Bureau 6 to develop mining operations in West Africa. The partnership will focus on diamond, gold, and rare earth extraction while supporting infrastructure development in the region.

The collaboration marks a significant step for Terra Nexus' World Friendship Cash Asset (WFCA), a real-world asset token backed by mineral resources. Sinohydro's involvement provides both operational scale and credibility, given its track record in 70+ countries. The MoU covers exploration, logistics, and employment initiatives alongside tokenized asset creation.

This venture exemplifies the growing convergence between traditional resource extraction and blockchain-based financing models. WFCA's structure could set a precedent for commodity-backed digital assets seeking institutional validation through partnerships with established industry players.