BEATOZ Signs MOU for Technological Cooperation on Asset Market with Uzbekistan's UZNEX Exchange

The hybrid blockchain mainnet 'BEATOZ' announced on June 16 that it has signed a memorandum of understanding (MOU) for technological cooperation with UZNEX, Uzbekistan's leading cryptocurrency exchange, to build a digital asset market based on real world asset tokenization (RWA) and security token offerings (STO).

Through this agreement, the two companies plan to cooperate on several fronts: technological collaboration for the establishment of RWA and STO markets; development of an asset linkage system between the BEATOZ mainnet and the UZNEX exchange; and the creation of a hybrid blockchain-based digital asset management framework that complies with Uzbekistan's financial regulations.

BEATOZ provides next-generation blockchain infrastructure based on a hybrid structure that combines private and public chains, enabling both the tokenization of real world assets and global liquidity. This allows BEATOZ to offer optimized technological solutions for the digitization of various real world assets (RWA), STO issuance, and cross-border asset transactions.

In particular, BEATOZ is developing a multichain environment that connects with top global mainnets. The company is currently collaborating with various global projects based on its hybrid blockchain technology. BEATOZ is gaining attention as a leader in blockchain-based digital transformation by linking blockchain technology with the real economy, including RWA (Real World Assets), DID (Decentralized Identity), and real estate.

UZNEX is the first virtual asset exchange officially licensed by the government of Uzbekistan, providing trading services linked to the local fiat currency, the sum (UZS). It supports fiat deposits and withdrawals through UzCard and HumoCard, which are widely used by Uzbekistan citizens. Additional financial solutions, including USD top-up via VISA and MasterCard and a crypto card service that enables cryptocurrency payments, are scheduled to be introduced sequentially.

This technological partnership is expected to become a key turning point in the development of the real world asset market (RWA and STO) and the Web3 ecosystem in Uzbekistan and Central Asia.

A BEATOZ representative stated, "We have officially begun our entry into the RWA and STO markets based on the BEATOZ mainnet and infrastructure. Following the Busan Digital Asset Exchange (BDAN), we will continue to build a global standard digital asset market ecosystem based on blockchain by linking with global exchanges such as UZNEX."

UZNEX commented, "BEATOZ's hybrid blockchain technology is an ideal model for the digitalization of real world assets and regulatory-compliant STO infrastructure currently needed in Uzbekistan. Through cooperation between our two companies, the establishment of the first full-scale digital asset market in Central Asia is becoming a reality."