Terra Nexus Project Management Service CO.L.L.C. has signed a memorandum of understanding with Sinohydro Bureau 6 Co., Ltd. to develop joint resource mining projects in West Africa.
Overview of the Partnership
Sinohydro is a Chinese state-owned company engaged in infrastructure projects across more than 70 countries. The signed memorandum will trigger collaboration in the following areas:
1. Exploration and mining of diamonds, gold, and rare metals in West Africa. 2. Infrastructure development (such as road construction and utilities) and the creation of employment opportunities in mining regions. 3. Building logistics infrastructure for the dressing, storage, transportation, and export of ores. 4. Provision of underlying assets for WFCA linked to the mining business.
What is WFCA?
WFCA (World Friendship Cash Asset) is a digital token (RWA) backed by real mineral resources issued and managed by Terra Nexus. Key development phases for WFCA include:
- Phase 1: Natural diamonds. - Phase 2: Rare metals including gold, platinum, lithium, and nickel. - Not covered: Strategic resources (e.g., uranium, copper, and iron ores). - Technical platforms: Ethereum and ZK-Rollups for real-time asset tracking. - Primary applications: Asset protection, international settlements, inflation hedging, and financial instruments.
Future Prospects
Future plans include:
- Incremental development of the joint mining project with Sinohydro, starting with diamonds. - Phased issuance and circulation of WFCA tokens based on mining performance. - Creation of a new credit system in areas with limited financial access. - Establishment of a highly transparent asset verification system based on blockchains. - Creation of a new model for connecting local economies and global investors.
The partnership agreement between Terra Nexus and Sinohydro opens new horizons for resource mining in West Africa and the realization of their WFCA token, aimed at creating a financial infrastructure with real assets.
