A sukuk is an Islamic finance instrument structured around asset or project cash flows rather than conventional interest. On 6 October 2026, the Emirates News Agency (WAM) reported that ADI Foundation and Tokinvest signed a Memorandum of Understanding (MoU) to advance real-world asset (RWA) tokenisation, digital-asset issuance and blockchain-based settlement. The primary target named in the report is a US$100 million tokenised sukuk. [1]
That figure is a target under an MoU—a framework to identify, develop and evaluate opportunities—not confirmation that US$100 million of sukuk has already been issued, sold or settled onchain.
What did the parties say they would do?
Per WAM: [1]
- ADI Foundation brings an RWA tokenisation pipeline and institutional blockchain infrastructure via ADI Chain, which it operates for issuance, operation and settlement of digital assets including tokenised RWAs.
- Tokinvest—a VARA-regulated digital investment platform based in Dubai—brings regulated structuring, issuance, investor onboarding and distribution. WAM notes its experience with products including Franklin Templeton’s tokenised money-market fund, a Luxembourg-issued private-credit digital bond, and tokenised UK residential real estate.
- The primary target is tokenising existing sukuk of UAE issuers and distributing them via regulated distribution partnerships.
- The partnership will also explore private credit, funds and other yield-generating assets, and bring existing Tokinvest product suites to ADI Chain via appropriate regulated structures.
Quotes in the WAM piece come from Ramana Kumar (ADI Foundation) and Scott Thiel (Tokinvest). Both frame the deal as complementary capabilities—asset pipeline and chain infrastructure on one side, regulated issuance and distribution on the other. [1]
Why label it MoU / planned?
WAM is explicit that the agreement provides a structure to identify potential opportunities, evaluate commercial and regulatory viability, and advance selected initiatives toward development and implementation. That is collaboration language, not a prospectus for a live US$100 million issuance. [1]
Treat every product description below the MoU headline as planned or under evaluation until a separate closing, listing or offering document appears.
Why it matters for RWAs
Tokenised Islamic finance is a thin slice of the broader RWA narrative, but sukuk are a familiar instrument for Gulf issuers and investors. Pairing a UAE-linked asset pipeline with a Dubai-regulated distribution platform is the kind of jurisdiction-aware framing institutions watch—if commercial and regulatory diligence later clears a specific deal. [1]
What this does not prove
- That a US$100 million tokenised sukuk has closed, listed or settled; the source describes an MoU and a target. [1]
- That every future product under the partnership will use the same structure or jurisdiction.
- That ADI Chain adoption or Tokinvest distribution volumes will follow from the signing alone.
No investment advice is offered here.
The Bottom Line
ADI Foundation and Tokinvest have signed an MoU whose primary named target is a US$100 million tokenised sukuk built from existing UAE issuer sukuk, combining ADI’s RWA pipeline and ADI Chain with Tokinvest’s VARA-regulated structuring and distribution. Read it as a planned collaboration framework—not as a completed issuance.
Sources
- Emirates News Agency (WAM), 6 October 2026 — https://www.wam.ae/en/article/c2lumgu-adi-foundationtokinvest-collaborate-100-million
