SUSTAIN.EXCHANGE, the first Islamic compliant crypto ecosystem announced that it is building technology solutions and infrastructure on Tezos, a leading decentralized public blockchain.
In the short term, SUSTAIN.EXCHANGE plans to develop and enhance its Tezos banking infrastructure, which will allow it to participate in the Tezos protocol’s self-upgrading governance mechanism and engage with the broader Tezos ecosystem. SUSTAIN will also provide technical expertise and lend support to the ongoing development and improvement of the Tezos protocol.
SUSTAIN’s work on Tezos also includes the development of a primary issuance platform for digital securities integrated with the Tezos protocol, which will enable a pipeline of asset tokenizations on Tezos in the region, further cementing Tezos’ reputation as a leading protocol for high-value financial applications.
SUSTAIN developers will also provide support to self-sovereign identity projects already underway on Tezos, along with spearheading the design and build of a Texas-based solution for Affipay, SUSTAIN’s payment and issuance product.
“Our work on the Tezos protocol adds to the value we want to create on SUSTAIN.EXCHANGE to help the 1.8 billion members of the Muslim community across the world to securely access and trade cryptocurrencies backed by state-of-the-art blockchain technology. Building on Tezos gives us access to a successful and technically experienced global ecosystem of builders and developers, and will help us strengthen our processes and achieve the milestones we have planned for SUSTAIN,” said Sulaiman Al Fahim, founder of SUSTAIN.EXCHANGE.
Hubertus Thonhauser, Chairman of the Tezos Foundation Council commented “We are thrilled to welcome SUSTAIN.EXCHANGE to the Tezos ecosystem given their status as a leader in digital innovation. The Tezos Foundation eagerly anticipates SUSTAIN’s contributions both to the protocol and to the growth of the Tezos ecosystem in the GCC region and beyond.”
Through strategic engagement with the Tezos protocol and ecosystem, SUSTAIN is working to take its crypto trading ecosystem from the nascent status of an issuing-trading platform to a complex ecosystem that can help not only the cryptocurrency space but the whole business sector by encouraging easier digital adoption and faster money movement across platforms.
SUSTAIN’s work on Tezos marks an important milestone for the adoption of blockchain technology solutions in the GCC region and the Islamic world more broadly.