JAKARTA - Blockchain technology continues to open new opportunities in the global financial sector. Hashgraph Association, a non-profit organization that focuses on developing a decentralized ledger technology-based ecosystem, Hedera Hashgraph, recently established a strategic partnership with Taurus, a leading digital asset infrastructure provider.

This collaboration aims to provide safe custodian services, staking, and tokenization of assets, including cryptocurrencies Hedera (HBAR), for financial institutions around the world.

According to Kamal Youssefi, President of the Hashgraph Association, this partnership is expected to increase the trust of financial institutions and companies to engage with the Hedera ecosystem, especially in Europe, Asia, the Middle East, and Africa.

"Europe has been a pioneer with MiCA regulations, which provide clear guidance for digital assets in the region, eliminating legal uncertainty that often appears in markets like the United States," Youssefi said. MiCA (Markets in Crypto-Assets) is a European Union regulation governing the crypto asset market.

The Hashgraph Association is also exploring opportunities for digital assets in Qatar, with an exploration plan of five main use cases for 12 months, including equity tokenizations, property and sukuk' Islamic financial instruments similar to conventional bonds. In addition, they are also developing consumer loyalty programs as well as sustainability initiatives such as carbon credit tokenization.


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