Wafr raises pre-seed from angels and launches WafrChain for sukuk
UAE-based Wafr closed an undisclosed pre-seed round with angel investors Coen Jonker and Neal Cross. It also launched WafrChain, a permissioned blockchain for sukuk issuance, distribution, settlement and profit payments, with settlement in fiat or stablecoins and Shariah approvals recorded on-chain.
UAE-based Wafr closed an undisclosed pre-seed round with angel investors Coen Jonker and Neal Cross. It also launched WafrChain, a permissioned blockchain for sukuk issuance, distribution, settlement and profit payments, with settlement in fiat or stablecoins and Shariah approvals recorded on-chain.