Mega Matrix Inc. Partners with Ihsan Dhahab to Develop Precious Metals Economic Zone in Saudi Arabia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
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Source: Newsfilter
- Strategic Partnership: Mega Matrix Inc. has signed an MOU with Ihsan Dhahab to collaboratively develop a precious metals economic zone in Saudi Arabia, encompassing the entire value chain from refining to trading, which is expected to drive growth in the Middle Eastern precious metals market.
- Financial Innovation: The parties will design and launch a Shariah-compliant gold-backed token and stablecoin, aimed at providing compliant financial instruments to investors, enhancing market appeal and promoting the adoption of digital assets.
- Digital Bank Establishment: Plans are underway to create an Islamic digital bullion bank that will offer Shariah-compliant financing, vaulting, and logistics services, which is anticipated to elevate the overall service capabilities of the precious metals ecosystem to meet rising market demand.
- Technical Support: Mega Matrix will leverage its expertise in stablecoins and Web3 to provide advisory support for capital raising and financing, facilitating sustainable development and scalability of the projects.
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About MPU
Mega Matrix Inc. is a holding company. The Company operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd. (Yuder), an indirect subsidiary of the Company. FlexTV produces English and Thai dramas that are also translated into different languages for its users, who are spread across various parts of the world, such as Europe, America, and Southeast Asia. In addition to creating original dramas, Yuder also acquires third party content copyrights which it then translates and distributes on its FlexTV platform. To deliver diverse and international content to its users, Yuder’s produces films in various parts of the world, including, but not limited to, the United States, Mexico, Australia, Thailand, and the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
