Wafr launches WafrChain to support sukuk tokenization
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On November 13, 2026, Wafr launched the WafrChain blockchain platform for sukuk that comply with Shariah principles, and sukuk tokenization on the platform has begun. Wafr said the platform stores issuance terms and records of approval by the issuer’s Shariah committee on a permissioned private blockchain, and uses smart contracts to arrange profit payments. Settlement can be made in fiat currency via SWIFT or local real-time gross settlement systems, or in stablecoins. The company said each transaction can reach finality within 300 milliseconds.
AI-written from reports · updated 2 hours ago
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- Fintech News Middle EastWafr launches WafrChain blockchain platform to support sukuk tokenization
Wafr has launched the WafrChain blockchain platform for Shariah-compliant sukuk, and sukuk tokenization on the platform has begun. The platform stores issuance terms and approval records from the issuer’s Shariah committee on a permissioned private blockchain, and uses smart contracts to arrange profit payments. Settlement can be made in fiat currency via SWIFT or local real-time gross settlement systems, or in stablecoins. The company says each transaction can reach finality within 300 milliseconds.
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