Sellwin and Secorbit FZCO Collaborate on Blockchain-Based Tokenization Platform
Developing a Blockchain-Based Tokenization Platform
Sellwin Traders Ltd has entered into a Memorandum of Understanding (MoU) with Secorbit FZCO, UAE, with an investment commitment of $2 million to create a blockchain-based tokenization platform. The platform is set to facilitate the tokenization of equities, bonds, and real-world assets, aimed at providing scalability and security.
Upcoming Board Meeting
The board of Sellwin is scheduled to meet on September 25, 2024, to discuss issuing bonus shares and a stock split, contingent on regulatory approvals. They will also consider a business proposal targeting synergies to meet evolving customer needs.
Recent Business Ventures
Sellwin has also signed an MoU with SDF Productions Pvt Ltd for the supply of agro products, expecting revenues exceeding Rs. 30 crore with healthy margins ranging from 35% to 40%. As demand grows, SDF has secured significant export orders for mango pulp, totaling over $400,000.
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