Latest news with #AQUAINDEX
Arabian Business
9 hours ago
- Business
- Arabian Business
Liquid assets: DMCC and AQUA-INDEX to launch world's first freshwater-backed digital asset token from Dubai
Dubai Multi Commodities Centre (DMCC) has signed a landmark Memorandum of Understanding (MoU) with AQUA-INDEX, a global innovator in water commodities trading, to support the launch of the world's first freshwater-backed digital asset token. The pioneering initiative aims to transform how water is valued, traded, and distributed globally. The token will be backed by verified, drinking-quality water stored in certified reservoirs worldwide. DMCC adds water as tradeable commodity in Dubai Once launched, it will allow institutional investors, hedgers, traders, and even retail users to trade, hold, and take delivery of freshwater as a recognised commodity in Dubai. By bringing together blockchain-based financial innovation and water resource management, the collaboration between DMCC and AQUA-INDEX introduces an entirely new asset class—water. The token offers a practical mechanism for unlocking liquidity, transparency, and accessibility in global water supply chains. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: 'Nearly half the global population experiences water scarcity for at least part of the year, yet water remains the only critical resource without a mature, regulated market. 'We are proud to partner with AQUA-INDEX to drive a transparent, neutral, and legally coherent structure and marketplace for water to secure the future of a resource that has long been undervalued. 'This is the next clear milestone in the formation of DMCC Water Centre, where we will not only bring the conversation of water to the forefront, but also attract the sector's leading companies to create a global centre in Dubai for water innovation, security, sustainable best practice, knowledge and education, while ensuring that the world's most transported commodity has the ability to reach water distressed areas.' Yaacov Shirazi, Chairman and Founder of AQUA INDEX, said: 'Pricing water by the value of its usage, standardisation of water by its mineral content and quality, and turning water to a new asset class for a financial trading, is a gamechanger in the world economy. 'It will establish new levels of water management which prevents scarcity, contamination, and lack of access.' Under the MoU, AQUA-INDEX will leverage DMCC's extensive global network, cutting-edge infrastructure, and thriving commodities marketplace to facilitate effective trading and investment in freshwater assets. While DMCC will not directly manage the token, the collaboration will foster knowledge-sharing around water pricing and usage, and open up new hedging opportunities for member companies in Dubai. This announcement is part of DMCC's wider strategy to establish the DMCC Water Centre—a first-of-its-kind global ecosystem dedicated to water trading, technology, and logistics. The centre will unite WaterTech firms, commodity traders, logistics providers, and policy leaders on one platform, all working to ensure water security and innovation on a global scale.
Zawya
15 hours ago
- Business
- Zawya
DMCC signs deal with aqua-index to support first water-backed digital token
DUBAI - DMCC, the leading international business district that drives the flow of global trade through Dubai, has signed a Memorandum of Understanding with AQUA-INDEX, a global pioneer in water commodities trading. This landmark collaboration supports AQUA-INDEX's initiative to launch the world's first digital asset token backed directly by freshwater resources, revolutionising how water is traded, valued, and managed globally. The token – the first of its kind globally – is backed by verified, drinking-quality water stored in global reservoirs and will enable investors, hedgers, traders and the general public to trade, hold and take delivery of fresh water as a commodity. By combining financial innovation with water market expertise, the partnership offers a practical mechanism for unlocking new liquidity and transparency in global water supply chains. Under the partnership, AQUA-INDEX will benefit from DMCC's extensive global network, world-class services, advanced infrastructure, and leading commodity marketplace, facilitating the effective trading and investment in water assets. AQUA-INDEX will enhance the availability and exchange of knowledge around global water usage and pricing and provide access to essential trading and hedging products for DMCC and its member companies. DMCC will not directly own or manage the token itself. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, 'Nearly half the global population experiences water scarcity for at least part of the year, yet water remains the only critical resource without a mature, regulated market. We are proud to partner with AQUA-INDEX to drive a transparent, neutral, and legally coherent structure and marketplace for water to secure the future of a resource that has long been undervalued. This is the next clear milestone in the formation of DMCC Water Centre, where we will not only bring the conversation of water to the forefront, but also attract the sector's leading companies to create a global centre in Dubai for water innovation, security, sustainable best practice, knowledge and education, while ensuring that the world's most transported commodity has the ability to reach water distressed areas.' Yaacov Shirazi, Chairman and Founder of AQUA INDEX, said, 'Pricing water by the value of its usage, standardisation of water by its mineral content and quality, and turning water to a new asset class for a financial trading, is a gamechanger in the world economy. It will establish new levels of water management which prevents scarcity, contamination, and lack of access." The announcement forms part of DMCC's ongoing efforts to establish the DMCC Water Centre, a dedicated ecosystem for the global water industry that positions Dubai as a central, neutral hub for water trading and innovation. The Water Centre brings together WaterTech innovators, logistics providers and commodity traders under one platform.
Zawya
16 hours ago
- Business
- Zawya
DMCC signs strategic MoU with aqua-index to support first water-backed digital token
Partnership positions DMCC and Dubai as global leaders in sustainable water resource management and transparent water trading infrastructure Collaboration accelerates establishment of DMCC Water Centre and Dubai as a central, neutral hub for water trading and innovation Dubai, UAE: DMCC, the leading international business district that drives the flow of global trade through Dubai, has signed a Memorandum of Understanding with AQUA-INDEX, a global pioneer in water commodities trading. This landmark collaboration supports AQUA-INDEX's initiative to launch the world's first digital asset token backed directly by freshwater resources, revolutionising how water is traded, valued, and managed globally. The token – the first of its kind globally – is backed by verified, drinking-quality water stored in global reservoirs and will enable investors, hedgers, traders and the general public to trade, hold and take delivery of fresh water as a commodity. By combining financial innovation with water market expertise, the partnership offers a practical mechanism for unlocking new liquidity and transparency in global water supply chains. Under the partnership, AQUA-INDEX will benefit from DMCC's extensive global network, world-class services, advanced infrastructure, and leading commodity marketplace, facilitating the effective trading and investment in water assets. AQUA-INDEX will enhance the availability and exchange of knowledge around global water usage and pricing and provide access to essential trading and hedging products for DMCC and its member companies. DMCC will not directly own or manage the token itself. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'Nearly half the global population experiences water scarcity for at least part of the year, yet water remains the only critical resource without a mature, regulated market. We are proud to partner with AQUA-INDEX to drive a transparent, neutral, and legally coherent structure and marketplace for water to secure the future of a resource that has long been undervalued. This is the next clear milestone in the formation of DMCC Water Centre, where we will not only bring the conversation of water to the forefront, but also attract the sector's leading companies to create a global centre in Dubai for water innovation, security, sustainable best practice, knowledge and education, while ensuring that the world's most transported commodity has the ability to reach water distressed areas.' Yaacov Shirazi, Chairman and Founder of AQUA INDEX, said: 'Pricing water by the value of its usage, standardisation of water by its mineral content and quality, and turning water to a new asset class for a financial trading, is a gamechanger in the world economy. It will establish new levels of water management which prevents scarcity, contamination, and lack of access. Water as a collateral will have a significant monetary impact enabling countries and municipalities to increase infrastructure capabilities. AQUA-INDEX, with a new initiative of tokenized water resources, presents the validation of the concept. The collaboration of AQUA-INDEX's patented innovations with the DMCC Water Centre will ensure a leading breakthrough in water ecosystems.' The announcement forms part of DMCC's ongoing efforts to establish the DMCC Water Centre, a dedicated ecosystem for the global water industry that positions Dubai as a central, neutral hub for water trading and innovation. The Water Centre brings together WaterTech innovators, logistics providers and commodity traders under one platform. The introduction of a water-backed token forms a key pillar of DMCC's Water Centre strategy, offering new tools for hedging risk, improving allocation and financing critical infrastructure across water-stressed regions. Further details on the token's trading mechanism, delivery points and relevant regulatory frameworks will be announced in due course. Media Enquiries: DMCC PR & Corporate Communications pr@
Al Bawaba
17 hours ago
- Business
- Al Bawaba
Dmcc Signs Strategic Mou With Aqua-index to Support First Water-backed Digital Token
DMCC, the leading international business district that drives the flow of global trade through Dubai, has signed a Memorandum of Understanding with AQUA-INDEX, a global pioneer in water commodities trading. This landmark collaboration supports AQUA-INDEX's initiative to launch the world's first digital asset token backed directly by freshwater resources, revolutionising how water is traded, valued, and managed token – the first of its kind globally – is backed by verified, drinking-quality water stored in global reservoirs and will enable investors, hedgers, traders and the general public to trade, hold and take delivery of fresh water as a commodity. By combining financial innovation with water market expertise, the partnership offers a practical mechanism for unlocking new liquidity and transparency in global water supply the partnership, AQUA-INDEX will benefit from DMCC's extensive global network, world-class services, advanced infrastructure, and leading commodity marketplace, facilitating the effective trading and investment in water assets. AQUA-INDEX will enhance the availability and exchange of knowledge around global water usage and pricing and provide access to essential trading and hedging products for DMCC and its member companies. DMCC will not directly own or manage the token Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'Nearly half the global population experiences water scarcity for at least part of the year, yet water remains the only critical resource without a mature, regulated market. We are proud to partner with AQUA-INDEX to drive a transparent, neutral, and legally coherent structure and marketplace for water to secure the future of a resource that has long been undervalued. This is the next clear milestone in the formation of DMCC Water Centre, where we will not only bring the conversation of water to the forefront, but also attract the sector's leading companies to create a global centre in Dubai for water innovation, security, sustainable best practice, knowledge and education, while ensuring that the world's most transported commodity has the ability to reach water distressed areas.'Yaacov Shirazi, Chairman and Founder of AQUA INDEX, said: 'Pricing water by the value of its usage, standardisation of water by its mineral content and quality, and turning water to a new asset class for a financial trading, is a gamechanger in the world economy. It will establish new levels of water management which prevents scarcity, contamination, and lack of access. Water as a collateral will have a significant monetary impact enabling countries and municipalities to increase infrastructure capabilities. AQUA-INDEX, with a new initiative of tokenized water resources, presents the validation of the concept. The collaboration of AQUA-INDEX's patented innovations with the DMCC Water Centre will ensure a leading breakthrough in water ecosystems.'The announcement forms part of DMCC's ongoing efforts to establish the DMCC Water Centre, a dedicated ecosystem for the global water industry that positions Dubai as a central, neutral hub for water trading and innovation. The Water Centre brings together WaterTech innovators, logistics providers and commodity traders under one platform. The introduction of a water-backed token forms a key pillar of DMCC's Water Centre strategy, offering new tools for hedging risk, improving allocation and financing critical infrastructure across water-stressed regions. Further details on the token's trading mechanism, delivery points and relevant regulatory frameworks will be announced in due course.
