Singapore-based Chintai, a regulated blockchain infrastructure provider and trading platform, has formed a joint venture with the Maluku Archipelago Joint Venture to develop a large-scale nature-based asset tokenization project in Indonesia. The partner, MAJV, is jointly owned by DeepGreenX Group, a clean energy and digital infrastructure company, and Forest First International, a sustainable forestry developer.
The project is linked to a 60-year development program covering the provinces of Maluku and North Maluku. The region covers approximately 1,400 islands and more than 700,000 square kilometers in one of Indonesia’s most biodiverse areas. The initiative combines environmental protection with digital finance and aims to support forestry, fisheries, marine resources, mining and related infrastructure through long-term sustainable development.
The planned token issuance is expected to reflect an estimated total value of $28 billion in MAJV’s resource and development rights. If completed, it would be among the largest regulated nature-based tokenization projects worldwide.
The digital asset, which will be issued under the ticker $MLKU, is planned as a treasury-backed token with a fixed supply of one billion units. The initial allocation is currently in escrow and is expected to be offered first to institutional investors via private placement, with wider distribution subject to regulatory approval.
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