Chintai to tokenize $28B in Indonesian development rights

Real-world asset (RWA) network Chintai has announced a partnership with Indonesia's Maluku Archipelago Joint Venture (MAJV). The collaboration will tokenize the development rights for the joint venture's community, resource, and infrastructure projects, which have an estimated value of approximately $28 billion. The token, set to trade under the ticker MLKU, will initially be issued through a private placement to institutional investors.