EDENA Accelerates Launch Of STO Exchange In Egypt, Collaborates With BEK Group

Photo: Special

JAKARTA PT Edena Capital Nusantara, part of the Edena Group, announced the acceleration of the launch of Egypt's first Security Token Offering (STO) exchange after Bayt El Khebra Group (BEK Group Group)'s strategic visit to Seoul, South Korea.

Delegation led by former Egyptian Prime Minister Ibrahim Mahlab with BEK executives, and met directly with Edena's leadership.

Just so you know, the BEK Group, Egypt's major financial conglomerate, which has been around since 1949, has networks in more than 70 countries.

This alliance targets the tokenization of strategic assets, especially the real estate sector and carbon credit. The initial project in the form of the development of the Cairo area worth 250 million US dollars has been secured.

"This collaboration places Egypt as the center of African carbon credit while strengthening Edena's position in global digital securities," said CEO of Edena Group Mahlab.

Wook Lee added that partnerships with BEK will open up opportunities for investment across-markets to develop without dependence on western intermediaries.

For Indonesia, this partnership presents institutional validation and global asset diversification, as well as opening up the Cairo 'Jakarta trading corridor with 24-hour liquidity.

Edena-BEK targets tokenized assets to reach 10 billion US dollars by 2026 and expansion to more than 20 African countries by 2030.