W
Wafr
United Arab Emirates · Fintech
Wafr builds Islamic financial infrastructure, beginning with a blockchain platform for issuing and settling sukuk.
Product
Wafr helps financial institutions bring Shariah-compliant assets onto a shared digital network. Its first product, WafrChain, connects sukuk issuers, distributors, institutional buyers and Shariah boards through a permissioned blockchain.
The platform records instrument terms and approvals, supports settlement in fiat currencies or stablecoins, and coordinates profit payments. Wafr plans to extend the infrastructure to additional asset classes and develop consumer services through the applicable regulatory approvals.
Funding history
1 round · 0 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Pre-seed | Undisclosed | Coen Jonker — ParticipantNeal Cross — Participant |